NO. 39


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...