UAE Records Federal Revenues of $18 Billion

According to the unified financial performance statement published by the Ministry of Finance of the UAE, "the federal government recorded revenues amounting to 66.2 billion dirhams ($18.03 billion), and the actual expenditures reached 58.2 billion dirhams in 2023." The statement added that "the total government assets amounted to 391.7 billion dirhams (approximately $107 billion) in the same year." The Federal National Council approved a federal bill to adopt the consolidated final account for the financial year ending on December 31, 2023. According to the bill, the actual expenditures for salaries and wages reached 22.9 billion dirhams, with new appointments for citizens totaling 2,248.