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Email this article: UAE swings into US$11 billion fiscal surplus in 2011, says IMF
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Posted: Sun June 10, 2012 10:03 pm
UAE. The United Arab Emirates' public finances swung into a surplus of 2.9% of economic output in 2011 after two years of deficits as robust oil income offset an increase in government spending, a report by the International Monetary Fund showed.
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UAE. Qatar, Saudi Arabia and Kuwait all ranked in the top 10, with the three nations performing especially well on the basis of their propensity to spend on imported luxury goods and healthy appetite for premium travel.
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