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Fiscal reform in China.
The fact that state salaries in the first half of 2020 exceeded total oil revenue underlines the scale of the task -- and the difficulty of achieving fiscal goals without major…
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DOI: 10.1108/OXAN-DB257027
ISSN: 2633-304X
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This seventh successive monthly increase takes the RBA’s benchmark cash rate to a nine-year high. With inflation now expected to exceed even the more recent RBA forecasts, further…
The sector and its linkages to other sectors, particularly construction and steel-making, and other financial services, contributed a total of 24% of GDP in 2020.
Major banks and investment companies have also announced planned mergers in 2016-17. The Ipsos City Index in July named Abu Dhabi the second-best place to live and work…
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DOI: 10.1108/OXAN-DB224222
ISSN: 2633-304X
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CHINA: Financial stress piles up on local governments
The budget keeps the deficit just inside prescribed limits despite an increase in new spending, by stepping up measures to boost revenue. Initiatives designed to target the…
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DOI: 10.1108/OXAN-DB286531
ISSN: 2633-304X
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This follows a last-minute deal between Prime Minister Binyamin Netanyahu and ultra-Orthodox coalition partners allocating more religious education funding. Coalition bargaining…
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DOI: 10.1108/OXAN-DB279244
ISSN: 2633-304X
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Local governments’ fiscal positions have become increasingly untenable post-pandemic amid a property market downturn. Record numbers of local government financing vehicles (LGFVs…
Increased economic optimism will be welcomed by Prime Minister Bill English, who is hoping that his National Party will win a fourth consecutive term in government this September…