Tuesday 28 June 2011

UAE public debt put at over $236bn - Emirates 24/7

The UAE’s gross public debt is estimated at around $236.1 billion, according to the IMF.

The Federal government debt was estimated at about $19.1 billion, accounting for nearly 6.3 per cent of the country’s 2010 GDP.

Nearly $33.1 billion of the debt matures in 2011 while around $25.8 billion matures in 2012 and the rest after that year, the Washington-based International Monetary Fund said in a report.

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