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...