NO. 44


Financial and Banking News

Budgets & Revenues

UAE Budget Deficit to Rise in 1991, Despite Higher Contributions from AbuDhabi and Dubai

Abu Dhabi is to contribute Dh11.87bn ($3.2bn) towards the UAE's 1991 federalbudget, equivalent to 78% of projected revenue. Dubai will contribute Dh1.3bn,equivalent to 8.5%, and the remaining Dh2.08bn will come from federal sources,such as customs duties. In 1990 Abu Dhabi's contribution to the budget wasDh11.6bn and Dubai's...