Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Country Report - Assignment Example

Comments (0) Cite this document
Qatar and United Kingdom: A comparative study. (Emphasis on Fiscal policy and Inflation) United Kingdom (UK) and Qatar belongs to two different geographical spheres of the world. It is most likely that the economic and socio-economic scenario in both of these countries would be entirely different…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
Country Report
Read Text Preview

Extract of sample "Country Report"

Download file to see previous pages On the other hand, the discovery of oil in the 1940s transformed Qatar (O’Brien, 2010, p.412). At present, it has high standard of living with highest GDP per capita in the world as of 2010 of more than USD 88,000 (Greenfield, 2012). For the present paper a comparison of the fiscal policies and inflation rates of these two countries are considered. Furthermore, in the UK, during the regime of the labor governments, government’s size and spending grew significantly. Compounding the budget deficit Labor government bailout several British banks in 2008 and indulged in massive government’s borrowing (United Kingdom, 2013). In 2010, after formation of Prime Minister David Cameron’s Conservative–Liberal Democrat coalition government austerity measures were implanted rigorously. In early 2012, the economy returned to recession and growth averaged zero over the year as a whole. In its budget announcement of March 20, the UK govt. decided to stick to its deficit-reduction plan, which is broadly fiscally neutral (United Kingdom, 2013). UK Fiscal Policy and Inflation rate- UK Government’s fiscal plan is underpinned by a forward-looking fiscal mandate to achieve cyclically-adjusted current balance by the end of the rolling, five-year estimate period, as cited in the June Budget 2010. The fiscal mandate directs fiscal policy decisions over the medium term, ensuring that the Government sets plans steady with a reduction in the structural deficit. The fiscal mandate is based on: • A cyclically-adjusted aggregate, to allow some fiscal elasticity at times of economic uncertainty; • A rolling five-year forecast period, to ensure that fiscal consolidation is delivered over a realistic and probable timeframe; and • The current balance, to protect the most productive public investment expenditure. The establishment of Office for Budget Responsibility (OBR) has significantly enhanced the credibility of the UK’s fiscal framework by ensuring that the Government’s fiscal policy decisions are based on independent forecasts for the economy and public finances (Copy of the Budget Report, 2013 p12). Figure-1  (Deficit, national debt and government borrowing - how has it changed since 1946? 2013) UK inflation has been above target since December 2009 and the central bank has quoted this as one reason for not resumption of its bond repurchase program. High inflation has had an erosive impact on the UK economy, reducing households’ disposable income Approximately a 40% rise in food prices and the impact of rising oil and commodity prices coupled with a weakening pound, plus hikes to VAT [sales tax] and tuition fees took a huge toll on the high street (Katrina, 2013). Figure-2  Source: United Kingdom Inflation Rate, 2013 Qatar’s Fiscal policy and inflation rate- While many advanced world economies were twirling under severe recession in the recent past, Qatar has taken head on, the global financial crisis, reflecting timely and focused policy response by the authorities. The considerable advancement of liquefied natural gas capacity, large government support to the banking system, and increase in public spending helped Qatar in sustaining high growth rates. Heavy investment in liquefied natural gas (LNG) production capacity and increases in LNG production over the last couple of years have been the main drivers of Qatar’s robust growth (Qatar Economic Statistics at a Glance, 2012,p.4) Figure-3  (Qatar Economic ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
(“Country Report Assignment Example | Topics and Well Written Essays - 1500 words”, n.d.)
Country Report Assignment Example | Topics and Well Written Essays - 1500 words. Retrieved from
(Country Report Assignment Example | Topics and Well Written Essays - 1500 Words)
Country Report Assignment Example | Topics and Well Written Essays - 1500 Words.
“Country Report Assignment Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document


Longitudinal Strategic Development Study on easy Jet

15 Pages (3750 words) Essay

Practical UNIX Security

10 Pages (2500 words) Assignment

What educational position needs to be made for boys with autism in Saudi Arabia

26 Pages (6500 words) Literature review

How the company combine to satisfy shareholders and the demands of society with less impact on the profitability

60 Pages (15000 words) Dissertation


5 Pages (1250 words) Assignment

Cultural Impacts of Sino-Japanese War

9 Pages (2250 words) Essay

Class Matters and The Two Income Trap

5 Pages (1250 words) Book Report/Review

The Flesh and the Spirit in American Literature

7 Pages (1750 words) Essay

1200 Middle Ages

5 Pages (1250 words) Essay


5 Pages (1250 words) Book Report/Review

Family movie review

1 Pages (250 words) PowerPoint Presentation

Journal 3 and 4

4 Pages (1000 words) Essay

Moral Hazard and the Financial Crisis by Kelvin Dowd

2 Pages (500 words) Article

Explain the events and circumstances that led to the construction of the Berlin Wall

7 Pages (1750 words) Research Paper

Case 3

4 Pages (1000 words) Essay

Provisions for Gas, Electricity, and Water Markets

..., the electricity regulator had to solve a problem that had not been satisfactorily addressed in any other country, which was how to deal with inherent market power in generation. The first attempt through the Pool did not work well, and subsequent regulatory interventions failed to reform the Pool until eventually NETA instituted a well-functioning commodity market in electricity which also confined market power to a restricted area with clear rules. Most of the industry is now competitive, with price controls applied only to the network. Works Cited 1. Abs Energy Research. Retrieved on March 8, 2008 2. Colin Robinson (2008). INTRODUCING COMPETITION INTO ENERGY AND WATER MARKETS: SOME...
9 Pages (2250 words) Report

The Religious Motivations of the Europeans: According to Their Own Rules and Their Own God

10 Pages (2500 words) Literature review

Sexual Harassment in the Workplace

...’ meeting and in other appropriate forum and it should be affirmatively discussed in Employer-Employee Meetings. Sexual harassment is a form of violence and can be seen in all kinds of organization in different forms in one country to another country. Violence includes both physical violence and non-physical violence such as emotional or psychological harm. Sexual harassment at the workplace indicates the inequality and ineffectiveness of discipline in the organization. Organizations normally do not take effective measures for prevention of sexual harassment until major problems occur. Training and educating employees against this ethical issue is important for the smooth functioning of the organization. Sexual harassment at the workplace...
8 Pages (2000 words) Report
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Country Report for FREE!

Contact Us