Wednesday , October 16 2019

UAE government spending rises to AED119 billion in Q1

ABU DHABI / WAM

The UAE consolidated government expenditure rose AED119 billion during Q1 2019, a growth of 21.6% as compared with the same period in 2018, according to figures released by the Central Bank of the UAE (CBUAE).
In its quarterly review, CBUAE said, UAE government expenses went up y-o-y by 16.3% during Q1. Moreover, capital spending, measured by net acquisition of non-financial assets, rose y-o-y by 94.1%, reaching AED13.1bn.

About Admin

Check Also

Enoc inaugurates three fuel stations in Sharjah

Dubai / WAM Enoc Group opened three service stations in Sharjah, as part of its ...

Leave a Reply

Your email address will not be published. Required fields are marked *