Predictions
- Planned spending increase and limited revenue-raising initiatives mean budget deficit will widen significantly in 2021, even as tourism recovers
- Global rollout of COVID-19 vaccine will support consumption and crucial tourism sector, but recovery will occur gradually
- Major socioeconomic unrest unlikely in coming year, given government’s popularity and president’s expanded control over defence ministry
Event
Parliament approved the 2021 budget on its second reading on 21 November, with 151 MPs supporting it and 52 opposing. It has now been put to committee debate.
Falanx Assynt is a global intelligence consultancy and leading provider of geopolitical, strategic and business risk analysis since 2003. Falanx Assynt is part of Falanx Group Ltd (LON:FLX) which, through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide.