Search results
1 – 10 of 41
The budget deficit is increasing markedly and will probably top 6% of GDP in 2024 -- the highest level since the late 1980s -- while economic growth remains in the 2-3% range.
A key driving factor was soaring government consumption ahead of the February general election, which included the race to succeed Joko ‘Jokowi’ Widodo as president, won by…
Details
DOI: 10.1108/OXAN-DB287205
ISSN: 2633-304X
Keywords
Geographic
Topical
Mulino assumed the candidacy late in the race, after former President Ricardo Martinelli (2009-14) was disqualified over a corruption conviction. The new president will face…
Details
DOI: 10.1108/OXAN-DB286964
ISSN: 2633-304X
Keywords
Geographic
Topical
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…
The unprecedented move is the first rift since the two countries peacefully parted more than three decades ago. It came soon after the Visegrad Four (V4) of Czechia, Hungary…
Details
DOI: 10.1108/OXAN-DB286274
ISSN: 2633-304X
Keywords
Geographic
Topical
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…
Details
DOI: 10.1108/OXAN-DB285767
ISSN: 2633-304X
Keywords
Geographic
Topical
Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…
Details
DOI: 10.1108/OXAN-DB285253
ISSN: 2633-304X
Keywords
Geographic
Topical
Though parameters have changed and national starting positions are recognised more, the reforms are not extensive. Debt and deficit targets remain. Indebted countries, principally…
Details
DOI: 10.1108/OXAN-DB285114
ISSN: 2633-304X
Keywords
Geographic
Topical
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…
Details
DOI: 10.1108/OXAN-DB285381
ISSN: 2633-304X
Keywords
Geographic
Topical
However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.