The Finance Minister, Hon. Dr Amin Adam would be in Parliament to present the mid-year budget today, 23rd July,
In an official press statement released on the 22nd of July, 2024 by the Finance Ministry indicated that, the Minister for Finance, Dr Mohammed Amin Adam would be in Parliament on Tuesday, 23rd July, 2024, to read the mid-year budget.
However, the 1992 constitution, per Section 28 of the Public Financial Management Act, 2016(Act 921) also mandates the Minister in charge of Finance to present a mid-year budget review statement to Parliament.
According to the statement issued by the Finance Ministry, the mid-year budget statement present an update of the implementation of the 2024 Budget, which includes a thorough account on the fiscal economic performance for the first six months of the year.
Further, the mid-year budget reading also gives an insight on the growth measures, expenditure, government’s total revenue, debt sustainability, IMF- supported Post COVID-19 Programme for Economic Growth (PC-PEG).
“This is the first time Dr Amin Adam will be making a statement in Parliament since assuming office as Finance Minister in February 2024,” the statement iterated.
The full report of statement released by the Finance Ministry:
