United Arab Emirates: Selected Issues

August 4, 2015

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United Arab Emirates: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This Selected Issues paper discusses measures to strengthen fiscal policy and budget frameworks in the United Arab Emirates (UAE). It provides an overview of government’s revenue and expenditure developments, and presents fiscal sustainability analysis that is most relevant to countries with large hydrocarbon wealth such as the UAE. The paper discusses measures to contain expenditure growth—controlling the public wage bill, reducing subsidies and transfers, and stabilizing other expense in real terms. It also proposes options to increase nonhydrocarbon revenue such as broadening corporate income tax with lower rates, introducing a low rate-broad based value added tax, and levying an excise tax on automobiles.

Subject: Banking, Budget planning and preparation, Credit, Economic sectors, Energy subsidies, Expenditure, Financial institutions, Loans, Money, Public financial management (PFM), Small and medium enterprises

Keywords: Bank, Budget planning and preparation, Country authorities, CR, Credit, East Africa, Energy subsidies, Funding, Global, Government, Government expense, Guarantee scheme, ISCR, Loans, Middle East, North Africa, Portfolio consist, Rating agency, Revenue, Small and medium enterprise, Small and medium enterprises, SME access, Sub-Saharan Africa

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/220
Stock No:

1AREEA2015002
ISBN:

9781513524634
ISSN:

1934-7685

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