UAE: For H1 2023, the Central Bank budget was Dh650 billion

By the end of June 2023, the Central Bank of the UAE reported that the public budget had risen to an all-time high of Dh650 billion.

Read also: Dubai's high-tech buses will transport 25,000 pupils to and from school during the new academic year

According to the report for June 2023, a monthly growth of 0.2% caused the public budget to climb by Dh1.3 billion in just one month, from Dh648.12 billion in May to Dh649.42 billion at the end of June.

The public budget of the central bank increased by 32.15 percent annually, or Dh158 billion, as opposed to Dh491.4 billion in June 2022.

This growth continued into the present year, increasing by 17.5% since the year began, to almost Dh552.5 billion at the end of December 2022, an increase of Dh97 billion during the first half of the year.

The assets side of the budget's allocation indicated that Dh257.2 billion would be allocated to cash and bank balances for June.

Deposits accounted for Dh135.34 billion, while assets held till maturity were allocated Dh211.32 billion.

An allocation of Dh4.18 billion was given to loans and advances, and Dh41.38 billion was given to other assets.

On the liabilities and capital side, however, current and deposit accounts received a budget of Dh284.78 billion. A total of Dh205.72 billion was allotted for cash permits and Islamic deposit certificates.

Central Bank
Central Bank

In addition, Dh136.48 billion was allocated for issued cash securities and coins, Dh12.73 billion went to capital and reserves, and Dh9.71 billion went to other liabilities.

Follow Us on Follow Alkhbr News at Google News