Middle East Economic Survey
BUDGETS AND REVENUES
UAE 2004 Federal Budget Projects $589Mn Deficit
The federal budget of the UAE for 2004 projects a deficit of Dh2.16bn ($589mn) on expenditures of Dh23.884bn ($6.51bn) and revenues of Dh21.724bn ($5.92bn), representing a rise in both expenditure and revenues compared to the budget for 2003. However, the deficit represents a slight fall against the projected deficit for 2003 (MEES, 9 June 2003). The federal budget...