UAE – Mubasher: The UAE’s Ministry of Finance revealed that the country has achieved a surplus of AED 49.42 billion in consolidated government finances during the first half of 2019, marking a 35.4% year-on-year growth, the state-run Emirates News Agency (WAM) reported.
The surplus grew due to a solid increase in revenues in H1-19 to AED 249.87 billion, with expenses reaching AED 200.45 billion, figures by the ministry showed.
The largest share of revenues which came from sources, including property income, sales of goods and services such as administrative fees, fines, and penalties, stood at AED 132.63 billion during the six-month period ended 30 June 2019, compared to AED 127.75 billion in H1-18.
Meanwhile, revenues from taxes amounted to AED 114.7 billion during H1-19, versus nearly AED 96.2 billion in the prior-year period, with social contributions reaching around AED 1.3 billion.
