UAE government’s surplus hits Dh67.5 billion in 2018 as revenues rise

March 25, 2019

Abu Dhabi: The UAE government achieved a surplus of Dh67.5 billion in 2018, according to the latest figures released by the Ministry of Finance.

The reason for the increase has been attributed to the rise in the UAE Government’s revenues, which hit Dh455.5 billion in 2018, while expenditures totalled Dh388.147 billion, the Gulf News reported.

Earlier, the Federal Competitiveness And Statistics Authority announced that the government’s surplus recorded Dh28 billion in the first nine months of 2018.

Oil price improvements in the second and third quarters of 2018 in addition tol as ongoing fiscal reforms have contributed to diversifying non-energy revenues sources, raising the total government revenues, the Gulf News report said.

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