By: Sulayman Waan
Mamburay Njie, minister of finance and economic affairs has said that The Gambia’s microeconomic has been improving since January 2017, making a performance to 6.6% in 2018.
Hon, Njie was speaking on Tuesday during a public lecture organized by International Monetary Fund at a local hotel, adding “inflation pressures preceded as the confident of economic return.”
He said the establishment of the fiscal prudence has reduced government’s domestic loans enabling the recovering of the private sector credit.
“This had being no in small measure possible thanks to the financial support from our international partners. We can’t rest on our laurels as the public expectations are high,” said.
He said his task as finance minister is to consolidate recent microeconomic gain through fiscal probity and to continue with ongoing efforts increase fiscal space for much needed social and investment spending.
He however, said in order to accomplish this target there is need for perseverance in enhances domestic revenue mobilization through broadening and curbing the tax space.
According to him, microeconomic stability and food self probity are nearly stepping stone to ensure attaining broader goals as stated in the national development plan (NDP).
He said the NDP has clearly states that government goals is to deliver good governance, accountability, social cohesion, national reconciliation and revitalize economic transformation for Gambians’ welfare.
Mr. Njie further said considering the smallness of Gambian economy it can’t be develop in isolation. “Therefore, it is quite precedent the Gambia ratification of the African Continental Free Trade Area was the deciding thing that pave the way for the implementation of the initiative,” he added.