The newly elected government proposed its first budget on 11 June 2009 with a view to support a trajectory of moderate growth, reduced poverty through employment generation and expansion of safety nets, low price level and tackle the impact of the global financial crisis. The Centre for Policy...

Over the first six months of the current fiscal year, almost all the major targets set for FY2007-08 by the current Caretaker Government (CTG) came under serious test. Two successive floods, cyclone Sidr, global market situation, domestic inflation and the consequent impact on investment and...

Fiscal year 2008 started its journey in the backdrop of the moderately high growth rate of 6.51 per cent achieved in FY2007. Experience of FY2007 was unique in the history of Bangladesh in the sense that it saw three consecutive governments and declaration of a state of emergency. The new...

This study resulted from UNDPs interest in the Philippine proposal for debt-to-MDG financing presented to the United Nations in September 2005. It is based on an analysis of the problem and the processes involved as well as consultations with key Philippine stakeholders, and views of creditor...

As is known, the National Budget for the fiscal year 2008-09 (FY2009) and Revised Budget for FY2008 were presented by the Honble Advisor for Finance and Planning on 9 June 2008. In keeping with its tradition, the Centre for Policy Dialogue (CPD) presented its budget reaction the following day at...

As Bangladesh enters into the second quarter of Y2008-09, a number of challenges confront the economy. The confidence generated through the strong resilience, demonstrated by overcoming the formidable difficulties faced in FY2007-08, has given way to uncertainties originating from global...

The National Budget for the fiscal year 2007-08 (FY08) and the Revised Budget of FY07 were placed before the country on 7 June 2007. The Centre for Policy Dialogue (CPD), in continuation of its tradition of presenting its analysis of budgets prepared by successive governments, has prepared the...

This paper provides an evaluation of the long-term fiscal sustainability of advanced economies, based on current estimates of these economies’ current-policy fiscal trajectories. As will be quite evident, for many countries short-term fiscal measures, such as the debt-GDP ratio and the...

This paper provides an evaluation of the long-term fiscal sustainability of advanced economies, based on current estimates of these economies’ current-policy fiscal trajectories. As will be quite evident, for many countries short-term fiscal measures, such as the debt-GDP ratio and the...

Japans mid-nineteenth century opening-up to Western influence, the so-called Meiji Restoration, drove political leaders to form a politically modern centralized country. Although Japan experienced a number of major decentralization processes under the post World War II Allied occupation, the...