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The government has incurred debt to cover its COVID-19 business and social lockdowns. The defence budget is now a likely to target for cost-saving.
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DOI: 10.1108/OXAN-DB253358
ISSN: 2633-304X
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Geographic
Topical
Economic policy of the Indian government's key policy think tank.
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DOI: 10.1108/OXAN-DB224715
ISSN: 2633-304X
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Geographic
Topical
Total expenditure is projected at INR39.5tn (USD524.4bn), about 5% higher than the revised estimate for 2021/22. However, capital expenditure (capex) is expected to be more than…
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DOI: 10.1108/OXAN-DB267284
ISSN: 2633-304X
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Geographic
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The government projects a narrower fiscal deficit. The budget will be the last for a full fiscal year before the 2024 general election, when Prime Minister Narendra Modi’s…
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DOI: 10.1108/OXAN-DB275818
ISSN: 2633-304X
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The fiscal deficit is projected to be 9.5% of GDP in 2020/21 -- compared with a budgeted 3.5% -- narrowing to 6.8% in 2021/22 and 4.5% by 2025/26. The government is counting on…
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DOI: 10.1108/OXAN-DB259393
ISSN: 2633-304X
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Geographic
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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…
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DOI: 10.1108/OXAN-DB285189
ISSN: 2633-304X
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This figure is higher than the RBA’s forecast of 1.5%, as labour demand remains strong and business investment resumes as supply chain disruption subsides. However, persistent…
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DOI: 10.1108/OXAN-DB283704
ISSN: 2633-304X
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The country is trying to rebuild its economy, which contracted by an estimated 7.6% in 2020. The fallout of the COVID-19 crisis has cut oil and gas income, which contributes about…
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DOI: 10.1108/OXAN-DB265105
ISSN: 2633-304X
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Geographic
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New Zealand's low government debt and fiscal stability mark it out among developed economies. Its economy is also one of the few growing firmly: 3.3% in 2014 and 2.8% likely in…
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DOI: 10.1108/OXAN-DB199828
ISSN: 2633-304X
Keywords
Geographic
Topical
Philippine government's handling of the COVID-19 crisis.