Hon. Mamburay Njie, the Minister of Finance and Economic Affairs on Friday, the 14th of December, 2018; presented the National Budget for the 2018/2019 financial estimate of D25 billion before the National Assembly members in Banjul.
Hon. Njie told the assembly members that the Gambia government remains committed to prudent macro-economic policy management.
He explained that the Gambia has registered some positive economic gains during the period under review.
“Our fiscal position remains critical. Maintaining macro-economic stability continues to be our main objective of going forward which will require an alignment of our expenditure strictly with the budget and the financial regulations,” Hon. Njie said in his budget speech.
He then added that: “As we recover from a difficult transition, macro-economic stability becomes a pre-requisite which is anchored towards national development objectives as enshrined in our national development plan.”
“Currently, our public debt to GDP is about 88 percent highlighting an unsustainable trajectory. This requires close attention that would bring it down to a level that will meet the potential limit of 40 percent which is the desirable position for a developing country as the Gambia.. It is therefore important for all the relevant stakeholders associated with Revenue collection to be more efficient in the collection of taxation.” he said.
