VOL. XL
No. 15
14-April-1997
UAE
UAE Budget Sees 9% Increase In Both Spending And Revenue
The UAE Council of Ministers has approved the federal budget for1997, which sees spending increase by 9% to Dh19,863mn ($5,408mn) and revenues up by asimilar margin to Dh18,876mn ($5,139mn). The resulting deficit is set to remain roughlyflat at a manageable Dh987mn ($269mn), as against Dh858mn in the previous year. Thebudgeted deficit of under Dh1bn will easily be financed by the UAE banks,...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!