An increase of 20% over the same period last year

87.4 billion dirhams of government spending at the state level in the first quarter

«Finance»: Revenues reached 123.8 billion dirhams in the first quarter of 2022. Archive

Government spending in the UAE rose to 87.4 billion dirhams in the first quarter of this year, an increase of 19.6%, or the equivalent of 14.34 billion dirhams, compared to about 73.7 billion dirhams in the same period last year, according to government financial statistics issued by the Ministry of Finance.

According to the data of the Ministry of Finance, government spending at the state level in the first quarter of this year included about 28.7 billion dirhams for workers' compensation, compared to compensation of about 24.6 billion dirhams in the comparable period from 2021, an increase of 16.6%, or the equivalent of 4.1 billion dirhams.

Workers' compensation is the sum of cash and in-kind rewards payable to government employees, and it includes: salaries, allowances, bonuses and other benefits, as well as social contributions paid to social insurance programs on behalf of workers.

Government spending included about 30.9 billion dirhams, the use of goods and services, 14.1 billion dirhams for social benefits, 6.4 billion dirhams for financial subsidies, 1.7 billion dirhams for interest, 1.6 billion consumption of fixed capital, 304 million dirhams for grants, and 3.8 billion dirhams. Billions for other expenses.

Statistics showed that revenues amounted to 123.8 billion dirhams in the first quarter of this year, an increase of 39.1%, or 34.8 billion dirhams, compared to 88.9 billion dirhams in the same period last year.

The revenues of the first quarter of this year were distributed at 56.7 billion dirhams from taxes on companies extracting oil and natural gas producers, on banks operating in the country, customs duties, and some other fees, and social contributions amounted to about 4.9 billion dirhams, while other revenues amounted to 62.2 billion dirhams. dirhams.

The Ministry of Finance confirmed that government finance statistics are statistics of local and international interest, as they show the total size of government operations in the country, the government sector's contribution to the national economy, and the allocation of resources through the government for multiple purposes, and it is an essential element in sound financial analysis and monitoring. Execution of general expenses.

According to the ministry, government finance statistics have a very important role in setting financial programs and in monitoring economic policies, and they are one of the important types of macroeconomic statistics that serve the political leadership, decision makers, researchers and those interested in the financial sector.

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