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UAE federal government revenue increased by 26%, from AED367.9 billion in 2020 to AED463.9 billion ($126.3 billion) in 2021. Social contribution also increased from AED12.9 billion in 2020 to AED13.5 billion, a 5% increase in 2021.
Meanwhile, spending rose 1% from AED399.5 billion in 2020 to AED402.4 billion in 2021. On the other hand, according to the data, capital expenditure fell from AED46.5 billion in 2020 to AED20 billion in 2021, a drop of 57%. The Ministry of Finance (MoF) has released preliminary government finance statistics for 2021 in accordance with the standards of the Government Finance Statistics Manual published by the International Monetary Fund (IMF). This is in line with the open data policy established by the UAE.
The value of other income (including interest received, dividends, rents, sales of goods and services, fines, penalties and other transfers) increased by 24% from AED203.8 billion in 2020 to AED251.8 billion in 2021 %.
current fee
Current spending will grow from AED353 billion in 2020 to AED382.4 billion in 2021, an increase of 8%. This includes worker compensation, use of goods and services, consumption of fixed capital, interest paid, subsidies, grants, social benefits and other transfers.
In terms of net borrowing, the results showed a significant increase at the federal level; while the 2020 results showed a deficit of AED31.7 billion, a surplus of AED61.5 billion was achieved in 2021. Net borrowing/borrowing measures the government’s ability to borrow or borrowing needs and is considered to measure the impact of financial government activities on the economy — arab trade news agency
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