Financial and Banking News
BUDGETS AND REVENUES
UAE Federal Budget for 1993 Will Be Unchanged from 1992, Minister Says
The federal budget will peg spending at 1992 levels, despite requests fromministries for more funds, according to Mr. Ahmad ibn Humaid al-Tayir, the UAEMinister of State for Finance and Industrial Affairs. He added that revenues areexpected to be around the same level. The 1992 budget projects spending ofDh17.4bn ($4.7bn) and revenues of Dh15.9bn...