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"Indonesia's oil revenues and fuel subsidies dominate the nation's economic policy agenda. This paper estimates the impact of higher international oil prices on the Indonesian government's fiscal position in 2008 and beyond. It analyzes the interactions between government revenues and...
Persistent link: https://www.econbiz.de/10010521041
that merit priority attention with respect to natural gas, petroleum downstream, and macroeconomic management. The report …
Persistent link: https://www.econbiz.de/10012559060
2010, Russia's real output is expected to grow 4.4 percent in 2011, increasingly driven by domestic demand. Russia … risks and uncertainties increased with the new oil shock. Although the short-term impact will be positive for Russia …'s export and fiscal revenues, there is no room for complacency. Macroeconomic policy should focus on the short-term objective …
Persistent link: https://www.econbiz.de/10012247596
Persistent link: https://www.econbiz.de/10010521876
macroeconomic front. In Chapter 3, the report discusses the structure of the petroleum sector, the future production profile, the …
Persistent link: https://www.econbiz.de/10012563125
to improve the performance of Ghana's energy sector. The report focuses on the power and petroleum sectors, taking …
Persistent link: https://www.econbiz.de/10012560342
policies that matter for development and diversification. Chapter 2 focuses on export concentration and assesses whether …
Persistent link: https://www.econbiz.de/10012560715
Iraq's economy is gradually emerging from the deep recession caused by the pandemic and the plunge in oil prices in 2020. Higher oil revenues pushed Iraq's overall fiscal and external balances into a surplus in 2021. The turnaround in oil markets has significantly improved Iraq's economic...
Persistent link: https://www.econbiz.de/10013545527
Once one of the world's largest staple food producers, Angola is now known as a major oil exporter - the second largest producer in sub-Saharan Africa. Angola is also the world's fourth largest producer of rough diamonds in terms of value, with the potential to become one of the leading global...
Persistent link: https://www.econbiz.de/10012673650
"Oil and mineral revenues raise national savings and hence facilitate investment, capital accumulation, and sustained growth; thus, there are benefits of owning large natural resources. There can be a significant spillover effect from the oil sector to the non-oil sector particularly if...
Persistent link: https://www.econbiz.de/10011394146