- Announcement of record budget deficit during 2020-21 will not be enough to pressure MPs to pass vital debt law
- Budget deficit will narrow as oil prices recover and COVID-19 case rates fall, but fiscal shortfall will only be reduced, not eliminated
- Political stalemate will continue when parliament resumes in October as opposition MPs press for anti-corruption measures over economic reform
The finance ministry announced on 7 August that the budget deficit rose to USD 35.5 billion for the financial year ending March 2021, a 175% increase on the previous year.
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