In line with the open data policy followed by the United Arab Emirates, the Ministry of Finance announced today the results of the preliminary government finance statistics report for the fourth quarter (Q4) of 2022, based on the standards of the Government Finance Statistics Manual issued by the International Monetary Fund.
The preliminary results showed an increase in revenues at the state level from AED 133.9 billion during Q4 of 2021 to AED 143.1 billion during Q4 of 2022. The value of tax revenues increased from AED 58.0 billion during Q4 of 2021 to AED 75.0 billion during Q4 of 2022. Revenues from social contributions increased from AED 3.5 billion during Q4 of 2021 to AED 3.9 billion during Q4 of 2022. The results also indicated that the value of other revenues reached AED 64.2 billion during Q4 of 2022, compared to AED 72.4 billion during Q4 of 2021.
In terms of expenditures, the results showed that the expenditures at the state level reached AED 120.3 billion during Q4 of 2022, compared to AED 136.2 billion during Q4 of 2021. The current expenditures reached AED 111.2 billion in Q4 of 2022, compared to AED 127.9 billion in Q4 of 2021. Current expenditures consist of workers’ wages, use of goods and services, consumption of fixed capital, paid interest, subsidies, grants, social benefits, and other transfers.
The financial operations during Q4 of 2022 resulted in achieving a significant increase in the value of net lending/borrowing. The preliminary results showed an increase at the state level from AED (-2.2) billion during Q4 of 2021, to AED 22.8 billion during Q4 of 2022. Net lending / borrowing measures governments' ability to lend or their need to borrow and is considered an indicator of the financial impact of government activity on the economy.
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For more information, please contact:
| Mary Khamasmieh | Rawad Khattar |
| Sara Abuhassira | |
