VOL. XLIII

No. 05

31-January-2000

UAE

UAE Decree Sets Year 2000 Monthly Expenditure At One-Twelfth 1999 Budget

Following last years example, the monthly expenditure of the UAE Federal Government in 2000 will be pegged to one-twelfth of the 1999 budget pending the issuing of this years figures. According to the official UAE news agency, WAM, the countrys President, Shaikh Zayid bin Sultan Al Nuhayyan, issued a decree to this effect on 16 January. The decree stipulates that monthly expenditures...