ABU DHABI, The value of subsidy and social privileges and benefits provided by the Federal Government during the first nine months of 2017 amounted to AED38.4 billion against AED34 billion during the corresponding period in 2016, according to Ministry of Finance data.
These include price subsidies, social benefits and other privileges provided to UAE nationals, including plots of land and residential units as well as money transfers to government-affiliated companies.
The growth in social benefits and subsidy recorded during the first nine months of 2017 reflects the government's keenness to ensure social welfare and economic wellbeing for UAE nationals.
In more detail, the state subsidy provided for commodities and social aid as well as for state-run companies reached AED6.7 billion during he Q1 2017, AED6.6 billion in Q2 and AED4.4 in Q3, with Q4 figures yet to be released.
Social benefits that include plots of lands and housing loans as well as other privileges hit AED8.3 billion in Q1 2017, AED6.1 billion in Q2 and AED6.2 in Q3, with Q4 figures yet to be released.
Source: Emirates News Agency