Monday 15 October 2012

UAE 2011 fiscal surplus Dh36.2b | GulfNews.com

The UAE booked a consolidated state budget surplus of Dh36.2 billion ($9.9 billion) in 2011, the country’s finance ministry said on Monday, publicly releasing such data for the first time.
The ministry said the figure included the federal budget as well as the fiscal balances of all seven emirates which form the UAE.
Saeed Rashid Al Yateem, executive director of revenue and budget at the ministry, told a news conference that the data would now be released every quarter starting next year.

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