VOL. XXXVII
NO. 39
27-JUNE-1994
Financial and Banking News
Budgets & Revenues
Abu Dhabi Budget Cut In 1994 Will Target Some Sectors Only
The Deputy Director of the Abu Dhabi Department of Finance, Mr. Jaw'an Salimal-Dhahiri, has recently stated that the Abu Dhabi Government's decision toreduce the emirate's 1994 budget by 20% is aimed at rationalizing expenditure inthe face of the falling oil prices and revenues. He also confirmed that the cutwill not affect the wage bill or the services...
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