April 21, 2023
The progress of carbon pricing implementation — an effort to internalize the social cost of emissions into the carbon price — varies across ASEAN+3.
November 24, 2022
Given rising government debt and continuing development needs, tax collection is essential for the Lao government to support economic progress while improving fiscal sustainability.
October 19, 2022
Amid continuing economic uncertainty in the region and globally, Lao PDR’s economy also has to deal with high inflation, growing government debt, deteriorating asset quality and limited fiscal space.
April 5, 2022
Japan’s sovereign credit rating could fall one to three notches in the coming decade if the government does not implement a credible fiscal consolidation plan. This risk, which the ASEAN+3 Macroeconomic Research Office (AMRO) highlighted in its recent annual consultation report on the country, underlines the challenges facing Japanese policymakers at a time of mounting global economic turmoil.
December 10, 2021
Thailand still has fiscal space to inject funds to boost the economy but it will need to start rebuilding buffers to guard against future shocks.
November 29, 2021
In July 2020, the Cambodian government introduced a COVID-19 Cash Transfer Program to help the vulnerable and those living in poverty ease the economic impact of the pandemic.
July 1, 2021
Can the Philippines inject additional stimulus into the economy and still maintain fiscal sustainability? The answer is that the country needs to spend more to achieve strong economic recovery in the face of the coronavirus-led recession. And the good news is, it can afford to do so, and maintain debt sustainability at the same time.
December 1, 2020
In Hong Kong, China[1], the transition from face-to-face to contactless interactions has been swift and widespread as a result of the COVID-19 pandemic.
October 28, 2020
Confronted with the COVID-19 pandemic, ASEAN+3 economies have swiftly deployed substantial fiscal stimulus to save lives, and protect livelihoods and businesses.
June 4, 2020
After being postponed in 2015 and 2017, Japan’s consumption tax was finally raised from eight to ten percent in October 2019. Most food items are exempted.
