Thursday 26 September 2019

#UAE reports surplus in consolidated government finances | ZAWYA MENA Edition

UAE reports surplus in consolidated government finances | ZAWYA MENA Edition:

UAE reported a surplus of AED49.42 billion in consolidated government finances during H1 2019, a growth of 35.4 percent on the comparable period in 2018, figures revealed by the Ministry of Finance indicate.

The growth is driven by a significant rise in revenues from January through June to AED249.87 billion, with expenses standing at AED200.45 billion.

The largest share of revenues came from 'other sources' , amounting to AED132.63 billion since the beginning of the year until the end of June against AED127.75 billion on the comparable period of 2018.

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