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Practice Reading: Fill in The Blanks (Drag & Drop)
ID: #46717
Mobilization
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Keeping medium-term fiscal policy geared towards ensuring fiscal sustainability and increasing savings, through a credible fiscal framework. Over the long term, this is to ensure equity between generations and a smooth energy transition out of fossil fuels. This can be supported through non-oil revenue mobilization and energy subsidy phase-out, which will also contribute to climate change mitigation. Other supporting measures include the gradual of public sector wage bills and increasing spending efficiency - for example, through continuing reforms to procurement and investment planning. A proper assessment of the fiscal stance will require fully incorporating the sovereign funds’ operations, given their role in savings from oil revenues and their involvement in national development strategies.
improve
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order
wealth
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diversifying
involvement
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