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Sunday, 26 March 2017

UAE federal budget shows surplus in first nine months of 2016 | The National

UAE federal budget shows surplus in first nine months of 2016 | The National:

"The rally in crude prices and a cut in government spending meant that the Federal budget surplus was Dh4.5 billion higher in the first nine months of last year compared to the same period in 2015. The surplus rose 130 per cent year-on-year during the period to almost Dh8bn compared to Dh3.48bn a year earlier, the Emirates News Agency (Wam) reported, according to its own analysis. Benchmark Brent crude rose 31 per cent to US$49 a barrel from $37.22 between January and the end of September 2016. "



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