NO. 11


Financial and Banking News

Budgets & Revenues

UAE Budget for 1990 Includes Higher Spending and Reduced Deficit

The UAE federal budget for 1990, which was announced on 11 December,forecasts a deficit of Dh667mn ($182mn), the smallest for many years. This willbe achieved despite additional expenditure of Dh1bn, 6.8% more than in 1989.Revenues are due to rise by Dh2.14bn or 16.7% to Dh14.98bn. In recent years theUAE has not published its federal budgets until the...