The UAE Ministry of Finance is pressing forward with its bond issuance plans in UAE dirhams, aiming to strengthen the local debt market and establish a robust yield curve for the national currency.
Younis Haji AlKhoori, Under-Secretary of the Ministry of Finance, emphasized that this move is part of broader efforts to enhance market liquidity, support financial stability, and attract investment.
On international bond issuances, AlKhoori confirmed that the ministry has no plans to issue dollar-denominated bonds this year. However, financial markets will be closely monitored, and any potential issuance would require prior Cabinet approval.
Regarding the UAE’s public debt, AlKhoori noted that the debt-to-GDP ratio is determined by consolidating liabilities across local emirates. He assured that the country’s debt remains within sustainable limits, in line with global financial best practices, reflecting the UAE's economic strength and resilience.
Discussing the 2025 budget, he stated that it aligns with the ongoing strategic cycle, set to conclude by the end of next year. The ministry is working closely with key stakeholders to ensure effective financial planning, in line with the government’s 2027 vision.
AlKhoori highlighted that the upcoming budget prioritizes essential services, including education, healthcare, infrastructure, and legislation, reinforcing the government’s commitment to enhancing the quality of life for citizens and residents.
News Source: Emirates News Agency
