AED14.8 Bn Grants Provided By UAE In Nine Months
Fahad Shabbir (@FahadShabbir) Published January 26, 2020 | 09:15 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 26th Jan, 2020) The value of grants provided by the UAE in the first nine months of 2019 amounted to AED14.8 bn, a growth of 8 percent from AED13.7 bn in the same period of 2018, according to figures released by the Ministry of Finance.
The total value of registered grants provided by the country during that period accounts for 74.7 pc of the total grants offered across the year, which totaled AED19.8 bn.
These grants include current or capital transfers from the Federal government to government authorities, international organisations and foreign governments, with the exception of transfers between the federal government and local governments.
The Organisation for Economic Co-operation and Development, OECD, ranked the UAE as the world's largest donor of official development aid, relative to its national income, in 2017.
According to the Development Assistance Committee of the Organisation for Economic Cooperation and Development, OECD, the UAE is the world's largest donor of official development aid, with grants accounting for 5.2 percent of its total government expenditure, which includes federal and local expenditures for each emirate amounting to AED200.5 billion from January to the end of June.
Figures issued by the ministry show that the value of grants provided by the UAE in Q1 2019 amounted to AED8.614 bn. During Q2 2019, the figure declined to AED1.868 bn, before rebounding to AED4.308 bn in Q3.
The total value of the grants provided by the UAE by the end of Q3 of 2019 accounted for 5 pc of the total government spending, including federal and local expenditures for each emirate, which stood at AED292.9 bn by the end of September.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago