NO. 16


Financial and Banking News

Budgets & Revenues

UAE Decree Rolls Over 1991 Budget for 1992

The UAE Federal Budget for 1991 has been rolled over until the 1992 budget isissued, in line with the practice of recent years. Federal ministries have beentold to keep their monthly spending within one twelfth of their allocation for1991. Spending above this level must be cleared with the Ministry of Finance inadvance. UAE Federal budgets are now usually issued in the...