Minister of Finance and Economic Affairs
By Ramatoulie Jawo
The Minister of Finance, and Economic Affairs, Hon. Mambury Njie on Thursday delivered at parliament an oral ministerial statement on the implementation and monitoring of the annual budget.
The Minister said the total Government Local Fund (GLF) expenditure was D20. 83 billion as at the end of December 2021, indicating a 6 per cent increase compared to the end of 2020.
Njie explained that a breakdown of the experience also indicated that 24 per cent was spent on other recurrent expenses, while expenditure on personal emoluments amounted to 22 per cent of total expenditure for the period.
He added that expenditure on subventions was equivalent to about 18 per cent of total expenditure while debt service and capital development expenditures accounted for 22 per cent and 18 percent of total expenditure, respectively.
“The Ministry of Finance and Economic Affairs (MoFEA) does monitor the annual budget execution. The Ministry monitors budget execution performance of all MDA on a monthly basis and publishes fiscal data on the website of MOFEA for transparency purposes. Physical monitoring missions and Site visits are also conducted to assess progress relating to implementation of project activities funded by both Government and Development Partners,” he said.
Hon. Njie assured lawmakers that his ministry would continue to collaborate with its partners in Government to ensure that more resources are made available to critical sectors, including health, education and the security sectors.
“Managing public resources is a sacred trust that we take very seriously at the Ministry of Finance and Economic Affairs. We are also aware that this August Assembly believes the same and remains committed to playing a critical role in this process,” he said.
The minister made the delivery at the National Assembly in Banjul while giving an oral ministerial statement on the implementation and monitoring of the annual budget.