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Having passed a moderately expansionary 2018 budget, the government on January 1 started to levy value-added tax (VAT). It also cut subsidies on petroleum products.
This development is at the centre of 'Vision 2030', the kingdom's new medium-term strategy for reducing reliance on crude oil revenue and improving economic efficiency. The…
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DOI: 10.1108/OXAN-DB211021
ISSN: 2633-304X
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The government will stay on in a caretaker capacity until a new one is established. Once that happens, it is likely to return to legislation -- in limbo for almost five years…
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DOI: 10.1108/OXAN-DB270331
ISSN: 2633-304X
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The new programme will support recapitalisation of the banking system, allow orderly -- rather than fire-sale -- divestment of state-owned assets and promote liberalisation of the…
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DOI: 10.1108/OXAN-DB201709
ISSN: 2633-304X
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ND development plan.
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DOI: 10.1108/OXAN-DB246699
ISSN: 2633-304X
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The government, with half an eye on a snap election, is determined not to accede to prolonged austerity without the trade-off of significant debt relief. Timing is all. The…
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DOI: 10.1108/OXAN-DB216610
ISSN: 2633-304X
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The underperformance of the oil sector, coupled with a recent fuel distribution crisis, have combined to dampen growth forecasts for 2019. While President Joao Lourenco’s…
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DOI: 10.1108/OXAN-DB244145
ISSN: 2633-304X
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Candidates' economic policy proposals.
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DOI: 10.1108/OXAN-DB238062
ISSN: 2633-304X
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Mitsotakis government’s first moves.
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DOI: 10.1108/OXAN-DB247366
ISSN: 2633-304X
Keywords
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Leading international credit ratings agencies had upgraded their outlook for Oman in early 2023. Positive reviews reflect the sultanate’s improved financial performance in 2022…