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UAE minister sees no need to boost fiscal spending

ABU DHABI : The United Arab Emirates does not need to boost government budget expenditures, the OPEC member's Economy
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By Imad Uddin
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ABU DHABI: The United Arab Emirates does not need to boost government budget expenditures, the OPEC member's Economy Minister Sultan bin Saeed al-Mansouri said on Sunday.

"There is no need to boost fiscal spending. In the UAE, we have spent a lot on infrastructure and these investments are going on," he told reporters on the sidelines of a financial forum.

 

Copyright Reuters, 2011

 

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