The United Arab Emirates has announced a 2012 federal budget showing a small deficit, increased revenues and only minor adjustments in expenditures.
Spending levels are projected at $11.4 billion, while revenue is estimated at $11.3 billion, leaving a deficit of just over $100 million, according to the official WAM news agency.
Spending for the current year was estimated at $11.1 billion and income at $10.3 billion.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www.albawaba.com/business/uae-budget-hits-114-billion-396964
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