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As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…
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DOI: 10.1108/OXAN-DB285767
ISSN: 2633-304X
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The two parties associated with him are currently in the minority in the unicameral legislature. Muizzu came to power after winning last year’s presidential race. He was a…
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DOI: 10.1108/OXAN-DB286430
ISSN: 2633-304X
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However, there are signs that political cooperation is beginning to crumble, which will reduce the pace of reform. A National Assembly vote later this month on the government’s…
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DOI: 10.1108/OXAN-DB285772
ISSN: 2633-304X
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The IMF has revised downwards its forecast for Saudi GDP growth in 2024 to 2.7% but raised its 2025 forecast to 5.5%. This reflects a positive medium-term outlook for the Gulf…
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DOI: 10.1108/OXAN-DB285518
ISSN: 2633-304X
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The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…
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DOI: 10.1108/OXAN-DB284724
ISSN: 2633-304X
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The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…