Friday, April 16, 2021

The Budget

Must Read

IGP Sanyang Meets Regional Police Authorities

By Hatab Nyang The Inspector General of Police, Abdoulie Sanyang, Wednesday 14th April 2021, convened a meeting of all Regional...

Director of African Department at International Monetary Fund Predicts Poverty would Increase in the Continent

By Nelson Manneh The Director of African Department at International Monetary Fund (IMF), Abebe Aemro Selassie said despite turning out...

Police Ask Vehicle Owners to Renew Their Licenses

By Nelson Manneh The Office of the Inspector General of Police has asked vehicle owners and/or drivers to renew their...

The National Assembly members are on a retreat to review the estimates and prepare themselves for the budgetary session. Many people are wondering whether salaries would be increased. Pensioners are also expecting a rise in what is commonly referred to as starvation benefits. The Minister in his statement to parliamentarians said salaries of civil servants will increase by 50 percent and pensions by 100 percent.

The Minister also indicated that debt interest payment will consume 25 percent of tax revenue. The growing indebtedness of the country cannot be ignored in assessing the capacity of the Government to maneuver its way out of the debt trap and the conditionality that usually accompanies being classified among the heavily indebted poor countries. Foroyaa will follow the budget session and enable the reader to get all the details on the state of the economy.

- Advertisement -

Latest News

IGP Sanyang Meets Regional Police Authorities

By Hatab Nyang The Inspector General of Police, Abdoulie Sanyang, Wednesday 14th April 2021, convened a meeting of all Regional...
- Advertisement -
- Advertisement -

People Also Read This