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The government plans to increase government spending to 58.1 billion cedis (12.5 billion dollars), up 13.7% from 2016, while reducing the fiscal deficit to 6.5% of GDP from 8.7…
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DOI: 10.1108/OXAN-DB198904
ISSN: 2633-304X
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However, their campaign promises, some of which are ambitious, may be constrained by a difficult budgetary situation, something which neither camp denies.
The elections, resulting in a fractured mandate and marred by allegations of rigging, have increased polarisation. Separately, Pakistan’s nine-month, roughly USD3bn Stand-By…
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DOI: 10.1108/OXAN-DB285381
ISSN: 2633-304X
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Yet market sentiment remains sceptical of Pretoria’s ability to deliver on the package, implement steep and politically contentious expenditure cuts and boost growth. Meanwhile, a…
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DOI: 10.1108/OXAN-DB257441
ISSN: 2633-304X
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Passage from speculative to investment grade (IG) would mark the end of the sovereign debt crisis besetting the country since 2009. The upgrade would lower government borrowing…
Nawaz Sharif, leader of the Pakistan Muslim League (Nawaz) or PML(N) party and a three-time former prime minister, appears to have the backing of the politically powerful…