Financial and Banking News
BUDGETS AND REVENUES
Al-Tayir Predicts $681mn Federal UAE Deficit
According to the UAE Minister of State for Finance and Industry, Mr. Ahmadal-Tayir, the 1987 budget of the Federal Government of the UAE will shortly beannounced, and will be almost the same as the 1986 budget. He revealed that theproposed deficit for the year 1987 would be some Dh2.5bn ($681mn), compared withthe budgeted deficit of Dh1.2bn ($324mn) for 1986. The actual...