HomeBanking & FinanceUAE achieves total revenues of AED 305 bn in H1
By Economy Middle East
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October 28, 2022 6:20 pm

UAE achieves total revenues of AED 305 bn in H1

Financial surplus totaled AED 125.5 bn
UAE revenues
UAE

The UAE announced today that the government revenues at the federal level across all emirates totaled 305.6 billion dirhams ($83.20 billion) in H1 2022.

In a tweet, the UAE Ministry of Finance (MoF) stated that it achieved a financial surplus in government revenues totaling 125.5 billion dirhams ($34 billion) during the first half (H1) of 2022.

According to the ministry, total government expenditures during the same period amounted to 180 billion dirhams ($49 billion).

The increase in state revenues, according to MoF, reflects the country’s leaders’ “sound financial policies and wise strategic decisions,” which aim to “turn the country into a leading financial hub in the world.”