The Ministry of Finance revealed new procedures and legislation to accelerate the economic recovery after the "Corona" stage, pointing out that among those measures and projects that it is working on to manage the next phase, the launch of a unified guide for pricing government service fees.
In detail, Undersecretary of the Ministry of Finance, Younis Haji al-Khuri, said that the UAE has provided a model for the world in the human dealings with the Corona pandemic, indicating that the country has developed a comprehensive strategy to protect economic gains and accelerate economic recovery after the Corona crisis.
In a report issued by the Ministry of Finance, Al-Khoury obtained a copy of it, that there are two main stages to implement that strategy: the first in the short term, which is the gradual opening of the economy and business activities taking into account the health precautions followed, in addition to providing support And massive economic stimulus plans for the hardest hit sectors, as well as protect entrepreneurship.
He added that the second stage is represented by a long-term stimulus plan for the economy to accelerate recovery and advance growth, and work to turn challenges into opportunities to achieve sustainable economic growth.
On the programs and projects that the Ministry of Finance will launch to manage the next stage, Al-Khoury said, “The Ministry of Finance is working on proposing policies, legislations and incentives required to support the success of opportunities for the industrial sector, and ensuring the achievement of self-sufficiency and continuous preparation for any future challenges, in addition to launching programs to support the health, education and technology sectors. And food security. ”
"Among the projects that the ministry is currently working on, the launch of the fee-pricing guide for the services of the federal government, which aims to provide a transparent, consistent, and easy-to-use framework that all relevant federal agencies can use in the pricing of fees," Al-Khouri said.
With regard to new laws and legislations that can be modified to respond to the current crisis, Al-Khoury stated that the Ministry of Finance is coordinating with the competent authorities to study proposals to issue new legislation, or make amendments to some texts of the articles of the laws in force, to serve the current and future stage, and promote comprehensive development in various Sectors.
Digital economy
Undersecretary of the Ministry of Finance, Younis Haji al-Khury, pointed out that there are sectors with high future potential, most notably the digital economy, including artificial intelligence, the fifth generation network, the Internet of Things and smart cities, green economy concepts and industries, such as renewable energy and electric cars.