VOL. XXXVIII
NO.41
10-JULY-1995
Financial and Banking News
Structural Reform
Emirates Industrial Bank Calls For Measures To Rationalize Expenditure
The state-owned Emirates Industrial Bank has called for the abolition ofgovernment subsidies on basic services and the imposition of fees for the use ofutilities such as roads, in an attempt to reduce the deficit in the governmentbudget over the long term. In a study on UAE public finance, the bank notes thatalthough the deficit is not likely to create...
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