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Saudi Arabia’s investment policy will prove high-risk

Location:

SAUDI ARABIA

The dividend boost will yield additional revenue for Riyadh’s budget. The government owns just over 90% of Aramco’s equity; an additional 8% is controlled by the Public Investment…

Saudi capital spending allocations are on the rise

Location:

SAUDI ARABIA

However, because of the large surplus of 2.5% recorded in that year, Riyadh’s public debt is only about 25% of GDP, providing the government and the country’s sovereign wealth…

Nigeria's 2024 budget projections are likely untenable

Location:

NIGERIA

Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…

India budget shows commitment to fiscal prudence

Location:

INDIA

It is only an interim budget because a general election is set to take place soon, most likely in April-May. The budget surprised many observers because of its lack of…

Algeria’s budget will drive up public debt

Location:

ALGERIA

The budget is geared towards boosting living standards ahead of the presidential elections towards the end of the year, in which President Abdelmadjid Tebboune will most likely…

Russian banks will face tougher conditions in 2024

Location:

RUSSIA

Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…

Omani fiscal plans will depend on social impact

Location:

OMAN

Leading international credit ratings agencies had upgraded their outlook for Oman in early 2023. Positive reviews reflect the sultanate’s improved financial performance in 2022…

US states will struggle to manage declining revenue

Location:

UNITED STATES

With DeSantis challenging Donald Trump for the Republican presidential nomination, his ‘Framework for Freedom’ budget contains several measures boosting his campaign. A slowdown…

The short-term impact of Canada's budget will be small

Location:

CANADA

The budget keeps the deficit just inside prescribed limits despite an increase in new spending, by stepping up measures to boost revenue. Initiatives designed to target the…

Higher oil prices are not benefiting African exporters

Location:

AFRICA

African oil output has fallen in recent years, hitting government revenues, external balances and credit ratings. Meanwhile, debt servicing costs have risen. With investors more…