RIYADH: The UAE witnessed a 32 percent rise in revenue growth in 2022, the government’s finance ministry has disclosed.
According to a press release, the country achieved a fiscal surplus for the year 2022, allowing substantial buffers to mitigate potential financial risks.
Even though the statement did not divulge the full-year fiscal surplus figure, the Central Bank of the UAE revealed in May that the country surplus hit $46 billion in the first nine months of 2022, supported by strong oil and non-oil revenue growth and high oil prices.
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