Browsing: Budget Office

‎”Independent revenue has continued to lag behind with low level of remittances. The GDP growth rate planned for 2017 was 1.7percent and at the end of 1st quarter, we have achieved 1.4percent, giving a positive indication that we will attain the 1.7 percent target and possibly surpass.”

“It should be noted that capital budget implementation depends on resource availability. As such MDAs’ budgetary provisions not fully funded in the 2016 Budget will be repeated in the 2017 budget. When we sent out the Call Circular, we told them (MDAs) clearly that those items that could not be funded in the previous budget should be re-presented.”