Younis Haji Al Khoori, Deputy Minister of Finance of the UAE, said that the Ministry of Finance will continue its plans to issue bonds in UAE dirhams to develop the local debt market and strengthen the yield curve for the currency.
Publish dateTuesday 11 February 2025 - 22:32
According to Amac News, Al Khoori explained that the initiative is part of the ministry’s broader efforts to increase liquidity in the local debt market, which will contribute to financial stability and strengthen the investment environment in the country.
Regarding international issuances, he stressed that there are currently no plans to issue bonds in dollars. He noted that the ministry is continuously monitoring the financial markets to make future decisions based on economic developments and in coordination with relevant institutions. He said that any international issuance requires prior approval from the UAE Cabinet.
Regarding the ratio of public debt to GDP, Al Khoury stated that calculating this percentage requires the aggregation of debts in the local emirates. He stressed that the country's debt level remains within sustainable limits and is in line with global financial best practices, reflecting the strength and resilience of the UAE economy.
Regarding the 2025 budget, he said that it is in line with the current strategic cycle, which ends at the end of next year. The ministry is working closely with partners to ensure appropriate fiscal planning that is in line with the government's strategic plans until 2027.
He added that the new budget emphasizes improving essential government services, especially those that affect citizens and residents, including education, healthcare, infrastructure and legislation.
Regarding international issuances, he stressed that there are currently no plans to issue bonds in dollars. He noted that the ministry is continuously monitoring the financial markets to make future decisions based on economic developments and in coordination with relevant institutions. He said that any international issuance requires prior approval from the UAE Cabinet.
Regarding the ratio of public debt to GDP, Al Khoury stated that calculating this percentage requires the aggregation of debts in the local emirates. He stressed that the country's debt level remains within sustainable limits and is in line with global financial best practices, reflecting the strength and resilience of the UAE economy.
Regarding the 2025 budget, he said that it is in line with the current strategic cycle, which ends at the end of next year. The ministry is working closely with partners to ensure appropriate fiscal planning that is in line with the government's strategic plans until 2027.
He added that the new budget emphasizes improving essential government services, especially those that affect citizens and residents, including education, healthcare, infrastructure and legislation.
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Source : news agency wam
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