Public sector spending and lending in the UAE will drop by US$5.6 billion (Dh20.57bn) this year, projects the IMF, as the government scales back its budget.
Abu Dhabi and Dubai were both looking to roll back spending, said the fund.
"Both Abu Dhabi and Dubai plan to balance their fiscal budgets accounts in the medium term," wrote the IMF in a statement concluding a visit to the country last month.
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