May 8, 2009, 5:02 AM
minority in the National Assembly, all the National Assembly Members are of the
judgement that the presented Draft Estimates is a satisfactory document, as the
National Assembly approved the Estimates of Revenue, Recurrent and Development
Expenditure for Fiscal Year 2009 on
estimates were presented to the National Assembly by Secretary of State for
Finance and Economic Affairs, Musa Gibril Bala Gaye on
For Sedia Jatta, and Babanding Daffeh, members for Wuli West and Kiang Central Constituencies respectively, there are some ambiguities and complexities in the budget estimates.
day the Secretary of State for Finance and Economic Affairs presented to
parliament a supplementary appropriation bill to authorise certain additional
payments from the Consolidated Revenue Fund for the period 1stJanuary to
that although the government had taken some measures in 2008 to stabilise the
prices of rice and petroleum products, these measures however did not impact
positively on revenue mobilisation. He revealed that the actual payment current
expenditure has reached D2, 244 million, of which personal emoluments is D905
million. Goods and services is D889 million; subsidies and transfers D450
million which includes pensions and gratuities. Capital expenditure amounted to
D334 million and equity participation D106 million at the same time government
expenditure and arrears and short-term loans payments registered D297 million.
These expenditures, according to the Secretary of State, had raised a total
payment of D2, 963 million as at
"The reason for the budget line provided in the schedule is to avoid a situation where we would have to quote equivalent savings from the unutilised balances in the budgets of Departments of State and put them in a position, but when they must decide to meet certain obligations, the funds will no longer be available. It is the principal reason for supplementary appropriation bill 2008".
However comments of the lawmakers will come in our subsequent editions.
Meanwhile the Secretary of State for Finance
and Economic Affairs is expected to deliver his budget speech on