Budget deficit for UAE to be less than expected this year | The National

Budget deficit for UAE to be less than expected this year | The National:

"The UAE is set to undershoot its budget deficit projections this year, on the back of higher-than-forecast revenues and spending cuts.

The country ran a fiscal deficit of Dh21 billion in the first half of the year – meaning that it is on course to undershoot Government projections of a Dh124 billion deficit through this year.

At the current rate of spending, the UAE will run a full-year deficit of about 2.1 per cent of GDP this year."



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