FinMin posts AED 24.6 bn budget surplus in 4Q 2024

Total government revenues reached AED 155.9 bn in 4Q 2023, the Finance Ministry said yesterday, marking a 9% y-o-y increase, according to Enterprise calculations.

Total expenditures amounted to AED 131.3 bn during the quarter, also a 9% y-o-y increase from the previous AED 120.3 bn figure. Total expenditures span investments in both non-financial assets and expenses, as well as employee wages, subsidies, grants, social benefits, and other expenses, Wam writes.

Financial transactions indicated a net lending of AED 24.6 bn during the quarter, according to the data, marking a 7.8% y-o-y increase from the previous AED 22.8 bn lending figure.