Jun 20, 2012
The UAE finance minister, Obaid Humaid Al-Tayer has said the government will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Reuters has reported. “The law is still under discussion within the government. We are not under pressure to issue any bonds,” Al-Tayer told the news service. “We are in no need to finance anything. We will be able to bridge the (budget) gap with our own resources.”
