H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum has announced the UAE achieved exceptional consolidated fiscal performance in 2022, with an annual growth rate of 31.8 per cent in revenues.
In a post on X, formerly known as Twitter, the Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said the country also recorded a 6.1 per cent growth in expenditure, which amounted to approximately AED 427.12 billion.
He added that 2022 witnessed a 94.5 per cent growth in non-financial asset acquisition, a testament to the UAE’s push towards revenue diversification.
His Highness said they remain steadfast in fulfilling the directives of the leadership by implementing innovative fiscal policies and executing transformative projects that create stronger fiscal buffers to mitigate the impact of global financial fluctuations.
The UAE achieved exceptional consolidated fiscal performance in 2022, with an annual growth rate of 31.8% in revenues.
— Maktoum Bin Mohammed (@MaktoumMohammed) September 17, 2023
We recorded 6.1% growth in expenditure, which amounted to approximately AED427.12 billion.
2022 witnessed a 94.5% growth in non-financial asset acquisition, a… pic.twitter.com/9tppMcnocB
AED 11.6 million in licence penalties waived for Abu Dhabi businesses
UK's Jaguar Land Rover to cut 4,000 jobs over next two years
Salik renews tolling technology deal for five years
Volkswagen flags 50,000 job cuts across group
UAE tightens anti-fraud rules, sets 24-hour deadline to withdraw fake goods
