VOL. XXXIX

No. 33

13-May-1996

UAE

UAE Parliament Approves 1996 Federal Budget

The UAE Federal National Council (parliament) on 7 May approved the 1996 federal budget, which projects expenditure at Dh18,254mn ($4,970mn), revenue at Dh17,396mn ($4,736mn) and a small deficit of Dh858mn ($234mn). The council called on the individual emirates which make up the federation to allocate part of their revenues to the federal budget, which had previously been mainly financed by contributions...