According to the latest fiscal report, the public budget of the Central Bank Of the UAE reached an all-time high of around Dh650 billion by the end of June 2023.
The report for June 2023 reported that a monthly increase of 0.2 percent showed the growth of the public budget to Dh649.42 billion at the end of June, compared to Dh648.12 billion in the previous month of May, which offers an increase of Dh1.3 billion within one month.
However, on an annual basis, the public budget of the Central Bank rushed by 32.15 percent, equal to Dh158 billion, in contrast to Dh 491.4 billion in June 2022.
Besides, this rate was extended into the current year with a 17.5 percent increase after the start of the year, compared to some Dh552.5 billion at the end of December 2022, which is an increase to Dh97 billion during the year’s first half.
The budget allocation was also traced on the assets side, which saw Dh257.2 billion apportioned to cash and bank balances for June.
Additionally, investments held till maturity were made at Dh211.32 billion, whereas deposits accounted for Dh135.34 billion.
Moreover, loans and advances received an allocation of Dh4.18 billion, and other assets were allotted Dh41.38 billion.
However, conversely, Dh284.78 billion were allocated on the liabilities and capital side for current and deposit accounts. Cash permits and Islamic deposit certificates were issued around Dh205.72 billion.
Furthermore, Dh136.48 billion was apportioned for issued securities and coins, and capital and reserves received Dh12.73 billion, with other liabilities accounting for Dh 9.71 billion.
