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However, there are question marks over his ability to deliver on the ambitious spending cuts needed as tax collection falls in a weak economy.
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DOI: 10.1108/OXAN-DB285317
ISSN: 2633-304X
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US student debt far outstrips that of most other wealthy countries, with some 40 million US adults owing a total of USD1.75tn in student loans in 2023, almost all of it to the…
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DOI: 10.1108/OXAN-DB284890
ISSN: 2633-304X
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The ruling means there is a gap of at least EUR17bn (USD18.4bn) in next year’s spending that needs to be addressed. The coalition parties are divided on how to resolve the issue.
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DOI: 10.1108/OXAN-DB283925
ISSN: 2633-304X
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The reconfiguration had been expected for months. Anwar is counting on it to help improve governing capacity and strengthen his relations with political allies. A key partner in…
According 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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The budget is geared towards boosting living standards ahead of the presidential elections towards the end of the year, in which President Abdelmadjid Tebboune will most likely…
JAPAN: Government will remain unpopular
President Ranil Wickremesinghe was prime minister and acting leader when he announced the restrictions. Gotabaya Rajapaksa had days earlier resigned as president in the face of…
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DOI: 10.1108/OXAN-DB272297
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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Lebanon also only has a caretaker government with restricted powers, at a time when the economy has contracted for four consecutive years. A staff-level IMF package worth USD3bn…