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Authorities took too long to adjust the exchange-rate regime under pressure from falling oil prices, wasting resources that could have been used to shore up the banking sector…
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DOI: 10.1108/OXAN-DB208130
ISSN: 2633-304X
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Geographic
Topical
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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Geographic
Topical
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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Geographic
Topical
Prospects for Turkey in 2017.
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DOI: 10.1108/OXAN-DB215974
ISSN: 2633-304X
Keywords
Geographic
Topical
The slump was caused by low oil prices and left a legacy of higher debt and banking fragility. The slowdown pushed the government into reviewing the fiscal framework and placing…