NO. 23


Financial and Banking News

Budgets & Revenues

UAE Issues Federal Budget for 1992

The most remarkable thing about the UAEfederal budget, which was approved by the cabinet on 2 March, is that it hasbeen issued so early in the year. In recent times, federal budgets have beenissued in the final months of the years to which they refer, with ministerialspending being limited, on a monthly basis, to one twelfth of the previousyear's allocation. Last year's budget was...