Middle East Economic Survey
VOL. XLVIII
No 9
28-February-2005
UAE
UAE Balances 2005 Budget As Economy Remains Buoyant
The UAE federal budget for 2005 projects a balanced budget for the first time since 1981, according to figures in the draft budget which was approved by the UAE cabinet on 21 February. Expenditure is projected to fall to Dh22.70bn ($6.2bn) from Dh23.88bn ($6.5bn) in 2004, while revenues are expected to hit that level following a rise from Dh21.72bn ($5.9bn) in 2004 (MEES, 6...
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