IMF recommends spending cuts, taxation | GulfNews.com:
"The International Monetary Fund (IMF) has recommended a host of measures such as spending cuts, taxation and structural reforms to improve the long term sustainability of the UAE’s public finances in the context of decline in oil prices.
The IMF which recently concluded its Article IV Consultation paper in discussions with the UAE authorities have recommended fiscal reforms including expenditure cuts and diversification of government revenues.
The Fund officials lauded the fiscal consolidation efforts of the UAE, including recent energy subsidy reforms. The IMF said the macroeconomic policy mix should focus on gradual fiscal consolidation."
'via Blog this'
No comments:
Post a Comment