UAE reports second-quarter budget surplus of $2.65 billion amid coronavirus pandemic

UAE reports second-quarter budget surplus of $2.65 billion amid coronavirus pandemic

The United Arab Emirates federal government posted a second-quarter budget surplus of around 9.75 billion dirhams ($2.65 billion), state news agency WAM said on Monday, up from a surplus of 1.8 billion dirhams in the first quarter.

Revenues in the second quarter were at 34.744 billion dirhams and expenditures were at 24.997 billion dirhams, WAM said, citing a finance ministry report.

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