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UAE Books Fiscal Surplus of $9.9 Billion for 2011

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The UAE booked a consolidated state budget surplus of AED 36.2 billion ($9.9 billion) in 2011, far below the International Monetary Fund's estimate of AED 38.6 billion It is the first time the UAE has ever released such data. The figure included the federal budget as well as the fiscal balances of ...
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