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The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…
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DOI: 10.1108/OXAN-DB286714
ISSN: 2633-304X
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After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…
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DOI: 10.1108/OXAN-DB286934
ISSN: 2633-304X
Keywords
Geographic
Topical
The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…
ARGENTINA: Inflation slows but recession will linger
AUSTRALIA: Budget offers help -- limited by inflation