This 2015 Article IV Consultation highlights that United Arab Emirates has continued to benefit from its perceived safe haven status and large fiscal and external buffers that have helped limit negative spillovers from lower oil prices, sluggish global growth, and volatility in emerging market...

Cover -- CONTENTS -- STRENGTHENING FISCAL POLICY AND BUDGET FRAMEWORKS IN THE UAE -- A. Revenue and Expenditure Trends -- B. Fiscal Sustainability Analysis -- C. Sustainable Fiscal Policy Measures -- D. Strengthening Budgeting Approach -- E. Conclusions -- References -- BOXES -- 1. Water...