A participatory budgeting initiative may prove a vital step forward in Uzbekistan’s political development if it opens the path to wider democratic reforms.
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All tagged fiscal policy
A participatory budgeting initiative may prove a vital step forward in Uzbekistan’s political development if it opens the path to wider democratic reforms.
◢ To win foreign investment, Iran's needs to boost development expenditures. But expansionary fiscal policy will require a new source of revenue, as oil sales remain stagnant and tax rises remain politically risky.
◢ A sovereign debt sale, long discussed by Iranian officials, is the fundamental way Iran can find the revenues to self-fund growth. The Rouhani administration must focus on making its bond offering a reality.