The United Arab Emirates federal government will not issue a bond before the start of next year, the country's finance minister said Saturday.
"If it is needed, only, any issuance will be beginning of next year," minister of state for financial affairs Obaid Humaid Al Tayer said at a press conference after a Gulf finance ministers meeting.
Al Tayer also said the U.A.E. is proceeding with a spending program despite a small budget deficit forecast for this year, and the budget is so far on target.
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