The UAE government has seen its coffers swell, with the Ministry of Finance announcing a revenue jump of 17%. Numbers indicate that revenues for the third quarter this year increased to Dh148.1 billion ($40.3 billion) from Dh126.3 billion in the same quarter last year. Revenues from social contributions increased by 10% compared to the same period last year – from $926m (AED 3.4B) during Q3 of 2021 to $1B (AED 3.8B) during Q3 of 2022.

The latest data showed an increase in UAE’s government expenditures to Dh96.5 billion in the third quarter of 2022 from Dh91.8 billion in the same period last year. Current expenditures increased by 7% during the third quarter of 2022, to reach Dh93 billion, compared with the same period last year, the government statistics showed. They consist of workers’ wages, use of goods and services, consumption of fixed capital, paid interest, subsidies, grants, social benefits, and other transfers.

The UAE's foreign trade in the first six months of this year exceeded Dh1 trillion ($272 billion), compared with Dh840 billion for the same period before the pandemic.