The total value of public expenditure in the consolidated budget of the United Arab Emirates government (the consolidated financial account of the government) reached AED244.4 billion in the first nine months of 2015, compared with AED263.98bn for the same period in 2014.
Public revenues amounted to AED223.94bn in the first nine months of this year, compared with AED282.9bn in the corresponding period of 2014, according to a report by Al Bayan.
The data covers the federal government (including its affiliated independent bodies) and local budgets for the seven emirates. The UAE’s consolidated budget is projected to post a deficit of AED19.5bn in the nine-month period.
The statistics indicate that AED41.92bn of public revenues in the consolidated financial account of the government came from taxes collected from oil and gas companies in addition to customs duties and other fees.
The ministry of finance emphasised that government finance statistics are of key importance to concerned local and international organisations, as they show the overall size of government operations, indicate the contribution of the public sector to the national economy and the allocation of resources by the government for various purposes.