VOL. XLI

No. 02

12-January-1998

UAE

UAE Government Expenditure In 1998 Provisionally Limited To1997 Levels

Federal government expenditure in the UAE in the current fiscalyear, which started on 1 January 1998, will be limited on a monthly basis to one twelfthof last year's allocations until the 1998 budget is issued, according to a draft federaldecree approved by the UAE cabinet. In the 1997 budget, total expenditure was set atDh19,863mn ($5,408mn) and total revenue at Dh18,876mn ($5,139mn),...