Abu Dhabi, October 25 / BNA / The UAE Ministry of Finance today released the preliminary data for government finance statistics for the year 2021, according to the standards of the Government Financial Statistics Guide issued by the International Monetary Fund. . This is in line with the open data policy set by the United Arab Emirates.
During 2021, revenues at the federal level increased by 26 percent, from 367.9 billion dirhams in 2020 to 463.9 billion dirhams in 2021. Social contributions also increased by 5 percent from 12.9 billion dirhams in 2020 to 13.5 billion dirhams in 2021. The Emirates News Agency (WAM) reported.
The value of other income (including interest received, dividends, rent, sales of goods and services, fines, penalties and other transfers) increased by 24 percent from 203.8 billion dirhams in 2020 to 251.8 billion dirhams in 2021.
In addition, expenditures saw a 1% increase from AED 399.5 billion in 2020 to AED 402.4 billion in 2021. On the other hand, capital expenditures decreased by 57% from AED 46.5 billion in 2020 to AED 20.0 billion in 2021.
Current expenses increased by 8% from AED 353.0 billion in 2020 to AED 382.4 billion in 2021. This includes workers compensation, use of goods and services, depreciation of fixed capital, interest paid, subsidies, grants, social benefits, and others. transfers.
In terms of net lending/borrowing, the results showed a significant increase at the federal level; While the results of 2020 showed a deficit of 31.7 billion dirhams, it achieved a surplus of 61.5 billion dirhams in 2021.
Net lending/borrowing measures the ability of governments 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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