Income estimates are $24.4 billion in 2009-10 down by some 15% from the previous budget;
The budget suffers from a projected deficit of $1.6 billion, the first such shortfall since 2001;
The new fiscal year puts governmental spending at $26 billion, down by some $800 million from fiscal year 2008-09.
The authorities appropriated 40% or $10.4 billion of expenditures in the new budget for development projects. The amount falls short of $11 billion allocated for development projects in fiscal year 2008-09.
Or to put it another way...
Income estimates are $24.4 billion in 2009-10 down by some 15% from the previous budget;
The budget suffers from a projected deficit of $1.6 billion, the first such shortfall since 2001;
The new fiscal year puts governmental spending at $26 billion, down by some $800 million from fiscal year 2008-09.
The authorities appropriated 40% or $10.4 billion of expenditures in the new budget for development projects. The amount falls short of $11 billion allocated for development projects in fiscal year 2008-09.
From: http://www.gulfnews.com/Business/Comment_and_Analysis/10303211.html