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Location: Dublin, Republic of, Ireland

Thursday 23 October 2008

Federal Budget in the UAE for 2009

by Suzan Abrams

As regards the United Arab Emirates' Federal Budget for 2009 just approved by its Cabinet, international readers may be interested to know that there is no surplus and that the deficit stands at zero. Also, no government fees or taxes of any kind were introduced. Residents are pleased with what they describe as a "well-balanced budget." Abu Dhabi was the main contributor while others included Dubai and the Ministry of Finance. A high allocation of funds has been singled out for education sectors in the UAE.