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26-DEC-94/2 JAN 95

Financial and Banking News

Budgets & Non-Oil

UAE Federal Budget Realizes Surplus In First Half 1994

The UAE federal budget in the first half of 1994 had a surplus of Dh1.2bn($327mn), up from Dh800mn ($218mn) in the first half of 1993, according tofigures released by the UAE Central Bank. The budget for 1994, which wasreleased last February, estimated expenditures at Dh17.61bn ($4,795mn) andrevenues at Dh16.20bn ($4,411mn), leaving a deficit of Dh1.41bn...