MoF: Government spending efficiency is key to mitigate the economic repercussions of COVID-19 – ZAWYA

  • Date: 22-Jul-2020
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

MoF: Government spending efficiency is key to mitigate the economic repercussions of COVID-19 – ZAWYA

mof: government spending efficiency is key to mitigate the economic repercussions of covid-19 they have also had to take preventive and remedial steps to overcome its effects.    h.e. younis haji al khoorigiven the spread of covid-19 pandemic, countries around the world have had to take several measures to contain the spread of the virus. they have also had to take preventive and remedial steps to overcome its effects. thanks to the wise leadership, who underscored the uae's commitment to devise plans to overcome the medical, health, economic and social repercussions of the virus, while enabling flexibility to provide resources and redirect government spending to suit the requirements of the circumstances.anti-virus measures and prevention of its spreadcovid-19 has affected the government's budget, as it had to shift key priorities to meet the needs of the front and emergency lines. the uae increased the expenditure allocated to the ministry of health and prevention, which was initially 7% of the federal budget for 2020, in order to manage the spending on precautionary measures needed to combat the spread of the pandemic. this, in addition to ensuring rapid response to the urgent needs of employees in the healthcare sector.given the spread of covid-19