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ABU DHABI / WAM
The UAE consolidated government expenditure rose AED119 billion during Q1 2019, a growth of 21.6% as compared with the same period in 2018, according to figures released by the Central Bank of the UAE (CBUAE).
In its quarterly review, CBUAE said, UAE government expenses went up y-o-y by 16.3% during Q1. Moreover, capital spending, measured by net acquisition of non-financial assets, rose y-o-y by 94.1%, reaching AED13.1bn.