California, like some other states, has fiscal staff for the majority and the minority, as well as fiscal experts for leadership and the fiscal committees
No need to recapitalise the financial support fund which provides aid to indebted state-linked companies, says Dubai's Supreme Fiscal Committee
Shaibani, who is also head of Dubai's Rulers Court and a member of the emirate's Supreme Fiscal Committee
, said Investment Corporation of Dubai had no plans to offload businesses.
Despite a widely circulated report last week that Dubai's Supreme Fiscal Committee
(SFC), a senior component of the Dubai Government, had washed its hands of
Sources told Reuters last week the Dubai government, acting through the Supreme Fiscal Committee
, had walked away from talks to solve the unit's debt problems.
Summary: Dubai, bracing for heavy debt redemptions, plans to cut state spending by 20-25 percent until 2013 to narrow its funding gap, a member of the emirate's Supreme Fiscal Committee
was quoted Fridy as telling a newspaper.
Ahmed Humaid Al Tayer, part of the Supreme Fiscal Committee
, reportedly told Reuters that the emirate will meet its debt of approximately $12 billion due this year.
The agreement also "marks the support of the creditors to the separation," of real estate developer Nakheel PJSC from Dubai World, Sheikh Ahmad Bin Saeed Al Maktoum, chairman of the Dubai Supreme Fiscal Committee
Summary: Statement from His Highness Sheikh Ahmad bin Saeed al-Maktoum, Chairman of the Dubai Supreme Fiscal Committee
The DFSF, set up to disperse proceeds from the program to state-linked firms in need of help, is accountable to a five-man Supreme Fiscal Committee
which has overall responsibility for overseeing Dubai's fiscal policies.
14 (BNA) THE GOVERNMENT OF DUBAI, ACTING THROUGH THE SUPREME FISCAL COMMITTEE
(SFC), TODAY ANNOUNCED A SET OF ACTIONS IN RELATION TO DUBAI WORLD: SHAIKH AHMAD BIN SAEED AL MAKTOUM, CHAIRMAN OF THE DUBAI SUPREME FISCAL COMMITTEE
SAID: LIKE OTHER GLOBAL FINANCIAL CENTRES, DUBAI HAS FACED RECENT MARKET CHALLENGES DRIVEN BY GLOBAL ECONOMIC SLOWDOWN AND SEVERE REAL ESTATE MARKET CORRECTION.
He also asserted the bill was never properly referred to an appropriate fiscal committee
and moved the bill be sent to one before a floor vote.