Media ININ Economy We Trust
Media In – Dubai 10 February 2018 WAM
Minister of State for Financial Affairs Obaid Humaid Al Tayer predicted that technology and artificial intelligence would eliminate tens of millions of jobs and create tens of millions of others. These opportunities will only be exploited if local human capital is developed to suit the needs of the labor market The workforce, entrepreneurs and consumers to find a foothold in the new economy.
In his speech at the Arab Public Finance Forum, he explained that innovation in public spending helps to reduce waste and increase the efficiency of budget execution. The challenge remains in how governments use the digital revolution to address the problems of development in innovative ways and in dealing with clinging to traditional methods rather than adopting modern technologies .
IMF Managing Director Christine Lagarde said: “Many countries have made important revenue reforms, including the recent introduction of VAT in Saudi Arabia and the United Arab Emirates, which is an important step towards diversifying revenues and building fiscal power
