Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Linux Foundation Projects Unite at COP28 to Showcase Open Source Action on U.N. Sustainable Development Goals

    November 28, 2023

    OpenADR Alliance Launches New Communications Standard to Help Utilities Manage Growth in Renewable Energy Sources and EV Charging

    November 28, 2023

    BLUEGRACE Energy Bolivia, Announces Participation at Upcoming COP28 Climate Change Conference to take place in Dubai, United Arab Emirates (UAE), from November 30 to December 12, 2023

    November 28, 2023
    Facebook X (Twitter) Instagram
    GCC News HubGCC News Hub
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    GCC News HubGCC News Hub
    Home » During Q1 2022, UAE public spending amounted to AED87.4 billion
    Business

    During Q1 2022, UAE public spending amounted to AED87.4 billion

    August 8, 2022
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    According to Ministry of Finance statistics, Abu Dhabi’s public spending in the first quarter of 2022 totaled AED87.4 billion, an increase of 19.6 percent and equivalent to AED14.34 billion over the same period last year. Moreover, the figures showed that the country’s public spending in the first quarter of 2022 included some AED28.7 billion for employee compensation payments, as compared to AED24.6 billion in 2021, an increase of 16.6 percent and equivalent to AED4.1 billion.

    During Q1 2022, UAE public spending amounted to AED87.4 billionIn addition, public spending included AED30.9 billion in goods and services, AED14.1 billion in social benefits, AED6.4 billion in financial aid, AED1.7 billion in interest, AED1.6 billion in fixed capital expenditures, AED304 million in grants, and AED3.8 billion in other expenditures. According to the statistics, revenues in the first quarter of 2022 reached AED123.8 billion, an increase of 39.1 percent or equivalent to AED34.8 billion over AED88.9 billion in the same period of 2021.

    Revenues for the first quarter included taxes on oil and gas companies, banks operating in the country, customs fees, and other fees worth AED56.7 billion, while social contributions were AED4.9 billion and other revenue was AED62.2 billion. According to the Ministry of Finance, government financial statistics are of national and international importance as they reveal the value of government operations in the country as well as how the government contributes to the national economy and allocates resources for various purposes.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email

    Related Posts

    Sony Interactive Entertainment to face $8 billion lawsuit over PlayStation Store pricing

    November 25, 2023

    Gold nears $2,000 as Fed rate hike pause boosts appeal

    November 22, 2023

    SMBC Aviation Capital’s bold $3.4 billion investment in Airbus A320neo fleet

    November 21, 2023

    Bayer faces hefty $1.56 billion fine in Roundup cancer lawsuit

    November 20, 2023

    Alibaba’s cloud business U-turn triggers $20 billion market fallout

    November 18, 2023

    Chinese generosity unmasked as Pakistan drowns in stealth debt

    November 9, 2023
    Latest News
    Health

    Maximizing your diet with prunes and plums

    November 28, 2023

    Prunes, the dried form of specific plum varieties, are a powerhouse of nutrients. Revered for…

    Ranbir Kapoor’s Animal set to roar at the box office with record advance bookings

    November 27, 2023

    Weekend workouts equally effective as daily routines, new study finds

    November 27, 2023

    Antarctica’s melting ice highlights urgency of climate action, says UN Secretary-General

    November 27, 2023

    Physical activity mitigates cognitive deficits caused by lack of sleep

    November 27, 2023

    Space travel’s hidden risks include erectile dysfunction and frost damage challenges

    November 25, 2023

    Sony Interactive Entertainment to face $8 billion lawsuit over PlayStation Store pricing

    November 25, 2023

    Apple unveils more affordable pencil, a game changer in digital creativity

    November 25, 2023
    © 2021 GCC News Hub | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.