VOL. XXXI

NO. 39

4-JULY-1988

Financial and Banking News

BUDGETS AND REVENUES

UAE Official Predicts Budget `before October'

The Under Secretary of the UAE Ministry of Finance and Industry, Mr. Nasiral-Nuwais, has predicted that a federal budget for 1988 would be published"before October" which would keep expenditure at the 1987 level ofDhl4.4bn. However, he suggested that in view of the likely decline in oilrevenues, the budget deficit would be higher than last year's Dh2.75bn. Mr.Nuwais also...