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EGYPT: Rising expenditure will be a challenge
The agreement will last for 48 months and includes an immediate disbursement of USD1bn. It will provide much-needed, short-term fiscal relief for the government and increase…
His Modern Revolutionary Party (PRM) did similarly well, securing its largest-ever Senate majority and taking a majority in the Chamber of Deputies. Success was built on a strong…
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DOI: 10.1108/OXAN-DB287382
ISSN: 2633-304X
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Topical
EGYPT: Government readies to reduce subsidies
The economic situation is challenging: unemployment was 16.4% in the fourth quarter of 2023, and work and business opportunities are limited. The government has avoided a debt…
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DOI: 10.1108/OXAN-DB287273
ISSN: 2633-304X
Keywords
Geographic
Topical
MOROCCO: Rabat moves with reducing subsidies
AUSTRALIA: Budget offers help -- limited by inflation
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.
ARGENTINA: Inflation slows but recession will linger
The surpluses seen this year and last have proved an unexpected bonus for Labor and will enable a modest spending increase as the party prepares for the general election due by…