UAE aims to up 2022 federal spending by Dhs1.23 billion - GulfToday

UAE aims to up 2022 federal spending by Dhs1.23 billion

  • 15 Jun 2022
UAE-Dirham

Picture used for illustrative purposes only.

The United Arab Emirates' federal government aims to increase spending by Dhs1.23 billion ($334.9 million) in the 2022 budget, the Federal National Council said on Twitter on Tuesday.

The UAE estimates revenues will be Dhs374.98 million higher. The increased spending will come from the federal government's general reserves, the council added.

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The UAE in October approved a 2022 federal budget of Dhs58.9 billion.

The federal budget accounts for only a fraction of consolidated state spending in the UAE as individual emirates such as Abu Dhabi and Dubai also have their own budgets. It is, however, an indication of official plans for the economy.

Reuters

 

 

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