No 16



Abu Dhabi Moves To Fiscal Deficits

In the period 1975-97, the fiscal policy of Abu Dhabi was challenged by an increase inexpenditures that was not commensurate with the rise in revenues, resulting ina focus on financing the deficit rather than investing the surplus, accordingto the findings of Dr Abdulrazak F al-Faris et al in The Economy of Abu Dhabi (2001). In thechapter entitled The Fiscal Policy of Abu Dhabi, written by Dr Ugo Fasano, the author notes that...