UAE Belatedly Approves Year 2000 $6.3Bn Budget
The UAE announced on 13 March that it had belatedly finalized its year 2000 budget with total expenditures of Dh23.12bn ($6.299bn) and total revenues projected at Dh20.68bn ($5.634bn), resulting in a deficit of Dh2.44bn ($664mn) a mere 1.6% lower than that projected for 1999 (see table below). The budget, which has still to obtain final approval from the UAE President, will go into force retroactively as of 1...
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