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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.
involvement
wealth
improve
impacted
critical
diversifying
reduction
order
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