Jan to May 2024: Gov’t Overspent by 3% and Collected 13.8% Under Revenue Target
The Ministry of Finance and Economic Affairs issued the January to May 2024 Budget Performance Report which highlights that the government is overspending by 3% and collected 13.8% less than the revenue target for the same period.
Parliament Approves Over D169 Million in Cuts and Reallocations to 2024 Appropriation Bill
Parliamentarians approved the 2024 Appropriation Bill on Tuesday 12th December 2023 which included cuts and reallocations to the budget lines of various government institutions.
2024 Budget Speech: Inflation Reached Record High 18.5% in September 2023
During the Finance Minister’s 2024 Budget Speech he highlighted that Inflation reached a record high 18.5% in September 2023 and noted some of the steps the government took bring down the cost of fuel and food in particular in an attempt to curb inflation and price increases.
Governors and New Executive Coordinators to Cost Taxpayers Almost D8 Million in Salaries and Allowances Alone
After President Adama Barrow instituted the positions of Executive Coordinator for Banjul and KMC our business report looks at the cost of hiring new Executive Coordinators and the monies spent on Governors in the regions just focusing on salaries and allowances.
Only D50 Million Paid from D245 Million Allocated to Victims Reparations Since 2021
Since 2021, the government has approved D245 million for Victims Reparations, but only D50 million has been paid to victims, which occurred in 2021. Since then, victims have been waiting to receive their reparations.
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