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1 – 10 of 10According to the constitution, the next presidential election must take place in September-October 2024, but parliamentary polls are not due until 2025. Wickremesinghe is heavily…
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DOI: 10.1108/OXAN-DB284210
ISSN: 2633-304X
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Separately, the IMF’s Executive Board on March 20 approved a four-year, roughly USD3bn Extended Fund Facility for the country. The approval came around ten months after Sri Lanka…
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DOI: 10.1108/OXAN-DB278564
ISSN: 2633-304X
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President Ranil Wickremesinghe, who promised to deliver the amendment, assumed office in July amid a wave of protests that forced his predecessor Gotabaya Rajapaksa to resign. As…
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DOI: 10.1108/OXAN-DB273767
ISSN: 2633-304X
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The government’s commitment to fiscal consolidation is aimed at pleasing the IMF, with which Sri Lanka recently reached a staff-level agreement on a four-year, USD2.9bn bailout…
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DOI: 10.1108/OXAN-DB274687
ISSN: 2633-304X
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Meanwhile, GDP is projected by the Reserve Bank of India (RBI) to grow by 9.5% in the fiscal year ending March, rebounding from its 7.3% contraction in 2020/21. Economic goals…
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DOI: 10.1108/OXAN-DB265259
ISSN: 2633-304X
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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
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The fiscal deficit is projected to be 9.5% of GDP in 2020/21 -- compared with a budgeted 3.5% -- narrowing to 6.8% in 2021/22 and 4.5% by 2025/26. The government is counting on…
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DOI: 10.1108/OXAN-DB259393
ISSN: 2633-304X
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This exceeds overall consumer price inflation of 15.9%. Besides causing public alarm, high food prices could indicate that Turkey is barely managing to feed its growing…
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DOI: 10.1108/OXAN-DB236621
ISSN: 2633-304X
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SAUDI ARABIA: Wheat import rules change to lower cost
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DOI: 10.1108/OXAN-ES245713
ISSN: 2633-304X
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President Edgar Lungu and his Patriotic Front (PF) government are increasingly struggling to mobilise resources to meet repayments amid continued high public spending. Meanwhile…