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While international reserves are healthy, that portion held in sovereign wealth funds to support budgetary spending has been severely depleted by government drawdowns, and one of…
The government's scramble to revise its budget.
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DOI: 10.1108/OXAN-DB207961
ISSN: 2633-304X
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Geographic
Topical
Concern about the need to preserve one of the SWFs to support the pension system is probably a major reason behind the rejection. The Ministry of Economic Development had already…
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DOI: 10.1108/OXAN-DB200072
ISSN: 2633-304X
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Geographic
Topical
Forecasts of modest GDP growth next year assume a recovery in domestic investment, driven primarily by government spending to deliver a six-year growth and development strategy.
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DOI: 10.1108/OXAN-DB239846
ISSN: 2633-304X
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Geographic
Topical
In order to receive new IMF lending, the budget also introduces big gas price rises, and increases defence spending. Meanwhile, the hryvnia's disastrous February weakening…
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DOI: 10.1108/OXAN-DB198042
ISSN: 2633-304X
Keywords
Geographic
Topical
The federal budget deficit target for 2023, set at RUB2.9tn (USD35.8bn), is likely to be exceeded for the second year in a row. Federal expenditure is showing no signs of slowing…
Central-East European (CEE) economies grow faster than most in good times but are more vulnerable in bad times, lacking the political and financial capital and competences to…