In line with the open data policy followed by the United Arab Emirates (UAE), the country’s Ministry of Finance (MoF) announced today the results of the preliminary government finance statistics report for the third quarter (Q3) of 2022, based on the standards of the Government Finance Statistics Manual issued by the International Monetary Fund (IMF).
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The preliminary results showed an increase in revenues at the state level from 126.3 billion dirhams during Q3 of 2021 to 148.1 billion dirhams during Q3 of 2022. Revenues from social contributions increased by 10 percent compared to the same period last year – from 3.4 billion dirhams during Q3 of 2021 to 3.8 billion dirhams during Q3 of 2022.
In terms of expenditures, the results showed an increase in expenditures at the state level from 91.8 billion dirhams during Q3 of 2021 to 96.5 billion dirhams during Q3 of 2022 (an increase of 5 percent). Current expenditures increased by 7 percent during Q3 of 2022, to reach 93.0 billion dirhams in Q3 of 2022, compared to 87.3 billion dirhams in Q3 of 2021. Current expenditures consist of workers’ wages, use of goods and services, consumption of fixed capital, paid interest, subsidies, grants, social benefits, and other transfers.
