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UAE: Cabinet approved federal budget and VAT

The UAE cabinet approved the federal budget for the years 2018-21 on 7 November, in a meeting held on the sidelines of the Sharjah International Book Fair. The four-year budget includes a total of Dh201.1bn ($54.7bn) in spending, including an evenly matched Dh51.4bn in revenue and spending in 2018.

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