VOL. XL

No. 13

31-March-1997

UAE

UAE Government Expenditure In 1997 Provisionally Limited To 1996Levels

Federal government expenditure in the UAE in the current fiscalyear, which started on 1 January 1997, will be limited on a monthly basis to one twelfthof last year's allocations until the 1997 budget is issued, according to a federal decreeissued last week by the UAE President, Shaikh Zayid bin Sultan Al Nuhayyan. In the 1996budget, total expenditure was set at $4.97bn and total revenue at...