2024-03-15 00:00:00
The results of preliminary government finance statistics for the fourth quarter of 2023, published by the Ministry of Finance yesterday, showed that the value of government revenues amounted to 155.9 billion dirhams, and the value of government expenditures amounted to 131.3 billion dirhams.
According to Ministry of Finance data, expenditures at the state level during the fourth quarter of 2023, amounting to 131.3 billion dirhams, were distributed between capital expenditures and current expenditures, which include workers’ compensation, the use of goods and services, fixed capital consumption, paid interest, financial subsidies, grants, social benefits, and transfers. The other. In terms of the results of financial operations during the fourth quarter of 2023, the value of net lending and borrowing at the state level amounted to regarding 24.6 billion dirhams.
Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, said: “The UAE is keen to diversify and develop government revenue sources, which has resulted in achieving results for optimal use of financial resources and improving the efficiency of government spending in the best ways, which reflects positively on all aspects of development and enhances the country’s competitiveness.” and the sustainability of its economy.” He added: “The UAE is enhancing its competitive capabilities and its commitment to creating a dynamic, sustainable economic environment, improving its tax system in line with the strategic goals of diversifying its economy, and consolidating its position as a leading global center for business and investment that enjoys the confidence of the international community, which is witnessing the acceleration of the country’s development and transformation process.”
The publication of the preliminary government finance statistics report for the fourth quarter of 2023 comes in accordance with the open government data policy followed by the UAE. Government finance statistics show the total volume of government operations in the country, the contribution of the government sector to the national economy, and the allocation of resources through the government for multiple purposes.
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