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The Fiscal Responsibility Act (FRA) came into effect in 2013 to reduce rising public debt and achieve fiscal stability. Maldives has experienced rapid public debt accumulation over the past decade. The FRA establishes objectives for maintaining debt at a sustainable level and reducing the...
Persistent link: https://www.econbiz.de/10013169205
This Selected Issues paper evaluates Australia's experience with its principles-based fiscal framework. A key … accountability framework and its fiscal policy toolkit should help strengthen the statement and implementation of Australia's fiscal …
Persistent link: https://www.econbiz.de/10011986838
This Selected Issues paper investigates the drivers of business investment in Australia, focusing on the non …-China trade tensions could spill over to investment and growth in Australia. Yet, domestic factors are also at play, including … reforms can also impact business investment. Australia can promote business investment by reducing domestic policy uncertainty …
Persistent link: https://www.econbiz.de/10012178815
This paper discusses four key issues, which are closely connected, on tax policy in Ukraine. These issues are social security contribution (SSC), the simplified tax regime for small taxpayers, the corporate profit tax, and excise tax. Ukraine's SSC rates are very high, which are associated with...
Persistent link: https://www.econbiz.de/10011460464
The topics discussed in this report are tax regimes for small taxpayers (Chapter II) and the tax treatment of special economic zones (Chapter III). Although these aspects of the tax system have little direct effect on public finances, they affect many people and how those people make decisions...
Persistent link: https://www.econbiz.de/10013169078
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Persistent link: https://www.econbiz.de/10013284017
Non-Financial Corporate Sector. Non-financial corporate leverage as share of GDP in Korea remains higher than peer countries but has remained stable since 2013 at around 100 percent of GDP. The stock of non-corporate debt has become slightly more resilient due to the deleveraging of...
Persistent link: https://www.econbiz.de/10012302759
Persistent link: https://www.econbiz.de/10012255750
The CBOB considers increased financial inclusion as a critical reform area. In this regard, the FSAP assessed developments in financial inclusion for individuals and enterprises (SME finance), retail payments and provides recommendations for improvements. A review of the market was undertaken...
Persistent link: https://www.econbiz.de/10012107593