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...