Economic Development

Somalia Approves 24.4% Budget Increase with New Mogadishu Sales Tax
Economic & Fiscal Somalia Approves 24.4% Budget Increase with New Mogadishu Sales Tax

The recent approval by the Council of Ministers of the Federal Republic of Somalia for a substantial increase in the national budget for the fiscal year 2025 marks a significant shift in the country's economic strategy. This new budget, amounting to $1,342,476,311, represents a 24.4% increase

Ontario Invests $5M Annually to Enhance Rural and Underserved Transit
Public Services & Infrastructure Ontario Invests $5M Annually to Enhance Rural and Underserved Transit

The Ontario government is undertaking a significant initiative to invest $5 million each year to improve public transit options in the province's rural and underserved communities through the Ontario Transit Investment Fund (OTIF). This effort is aimed at enhancing connectivity and offering

Vietnam Reviews Socio-Economic Gains and Challenges Through 2024
Economic & Fiscal Vietnam Reviews Socio-Economic Gains and Challenges Through 2024

Over the first three quarters of 2024, Vietnam has navigated a labyrinth of global and domestic challenges to achieve notable socio-economic milestones. At the national meeting held on October 7, Prime Minister Pham Minh Chinh led discussions aimed at assessing the country's progress amidst a

Why Is Vietnam Emerging as a Tech Hub in Southeast Asia?
Economic & Fiscal Why Is Vietnam Emerging as a Tech Hub in Southeast Asia?

Vietnam's rapid transformation into a burgeoning tech hub in Southeast Asia has caught the attention of global investors and venture capital firms. The nation's evolving tech ecosystem has become a focal point for innovation, driven by favorable demographics, sustained economic growth,

Can Ireland's Surplus-Driven Budget Address Core Economic Issues?
Economic & Fiscal Can Ireland's Surplus-Driven Budget Address Core Economic Issues?

Ireland is poised to run a staggering €25 billion budget surplus for the year, largely thanks to a substantial tax windfall from tech giant Apple. The Republic of Ireland’s finance minister, Jack Chambers, has unveiled a budget featuring significant personal tax cuts and cost-of-living supports, mea

Can Massachusetts Enforce Housing Law Against Resistant Towns?
Policy & Legislation Can Massachusetts Enforce Housing Law Against Resistant Towns?

In Massachusetts, a legal battle is intensifying over the MBTA Communities law, which requires 177 communities to zone for multifamily housing to address the state's severe housing shortage. Passed in 2021 as part of an economic development package, this law aims to mitigate the housing crisis

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