UAE Government Finance: Q4 2023 Revenues and Expenditures Overview

UAE, 15 March, 2024 :  The UAE Ministry of Finance (MoF) released the preliminary results of the UAE Government Finance Statistics Report for Q4 2023, revealing government revenues totaling AED155.9 billion. Expenditures amounted to AED131.3 billion, covering various areas such as wages, goods, services, and investments in non-financial assets.

During Q4 2023, net lending/net borrowing stood at AED24.6 billion, indicating the government's financial impact on the economy. Younis Haji Al Khoori, MoF's Under-Secretary, highlighted the government's focus on revenue diversification and efficient spending to bolster development and competitiveness.

Al Khoori emphasized the UAE's commitment to economic dynamism, improved tax systems, and strategic objectives of economic diversification and global business prominence. The publication of these statistics aligns with the UAE's open data policy and international standards set by the IMF's Government Finance Statistics Manual.

Government Finance Statistics (GFS) provide insights into government operations, aiding financial analysis, expenditure monitoring, and policy-making. Accessible via the MoF's open data portal, these statistics serve policymakers, researchers, and the public, supporting transparency and digital transformation efforts.

Source : www.zawya.com