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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
Keywords
Geographic
Topical
A three-year budget cycle is intended to create predictability after a year in which the initial budget had to be revised as the oil price outlook grew gloomier. Spending cuts are…
This marks the first significant change of policy following the death in January of former Sultan Qaboos, after half a century in power. Qaboos’s Oman began as a highly…
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DOI: 10.1108/OXAN-DB254806
ISSN: 2633-304X
Keywords
Geographic
Topical
Meanwhile, the government is under pressure to raise expenditure to help ease the pandemic-related economic crisis. Delhi is reluctant to borrow more, as an increase in public…