Government think tank Niti Aayog recommends a trust-based taxation governance system, to enhance voluntary compliance, reduce administrative friction, and improve the overall efficiency of public revenue management.
The GCC countries reported significant financial surpluses in 2022 and 2023, totaling USD 134 billion and USD 2 billion, respectively, according to GCC-Stat. Public debt stabilised at 28 per cent of GDP and is projected to remain steady through 2025. Credit rating agencies highlighted improv