UAE: 87.4 billion dirhams in government spending in the first quarter

Abu Dhabi (WAM) The UAE’s government spending rose to 87.4 billion dirhams in the first quarter of this year, an increase of 19.6%, or 14.34 billion dirhams, compared to about 73.7 billion dirhams in the same quarter. period last year 2021, according to government financial figures. statistics issued for the Ministry of Finance. According to data from the Ministry of Finance, government spending at the state level in the first quarter of this year included about 28.7 billion dirhams in workers’ compensation, compared with compensation of about 24.6 billion dirhams in the comparable period from 2021. , an increase of 16.6%, or the equivalent of 4.1 billion dirhams. Employee compensation is the sum of cash and in-kind benefits paid to government employees, and includes wages or salaries, allowances, bonuses, and other benefits, as well as social contributions paid to social insurance programs on behalf of employees. Public expenditure includes about 30.9 billion dirhams for the use of goods and services, 14.1 billion dirhams for social benefits, 6.4 billion dirhams for financial subsidies, 1.7 billion dirhams for interest, 1.6 billion consumption of fixed capital, 304 million dirhams for subsidies and 3.8 billion dirhams. for other expenses. Statistics showed that the turnover in the first quarter of this year was 123.8 billion dirhams, an increase of 39.1% or 34.8 billion dirhams, compared to about 88.9 billion dirhams in the same period last year 2021. revenues of the first quarter of this year were divided by 56.7 A billion dirhams in taxes on companies that extract oil and natural gas producers, on banks operating in the state, customs duties and some other fees, and social contributions amounted to about 4 .9 billion dirhams, while other revenues amounted to 62.2 billion dirhams.

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