No. 03



UAE To Peg Monthly Expenditure In 1999 To One-Twelfth Of 1998 Budget

The monthly expenditure of the UAE Federal Government in 1999 will be pegged to one-twelfth of the 1998 budget pending the issuing of this years budget, according to a decree issued on 9 January by the UAE President, Shaikh Zayid bin Sultan Al Nuhayyan. The decree, published by the UAE news agency WAM, states that the funds should be used primarily to pay salaries to federal government...