The government of the UAE 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, Minister of State for Financial Affairs, said on Tuesday.
'The law is still under discussion within the government. We are not under pressure to issue any bonds,' Obaid Humaid Al-Tayer told Reuters in a brief interview.
'We are in no need to finance anything. We will be able to bridge the (budget) gap with our own resources.'
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