UAE federal budget not swayed by oil drop | The National

UAE federal budget not swayed by oil drop | The National:



"Declining oil prices will not affect the federal budget, Younis Al Khouri, an undersecretary at the Ministry of Finance, said on Monday.



Mr Al Khouri said that there was no change in the “volume and value” of approved expenditures in the 2015 federal budget, according to The National’s sister newspaper Al Ittihad.



The decline in oil prices in the world market has “no effect on public expenditure”, Mr Al Khouri said."



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