Page 15 - THE 2024-25 MID-YEAR BUDGET REVIEW STATEMENT

end of the financial year, domestic revenue is projected to

be generally consistent with the approved provision.

25. The midyear outturn for grants is K223.4 billion against a

projection of K584.2 billion, representing a variation of 61.8

percent. Of the K223.4 billion outturn, K4.3 billion is from

Foreign Governments and K219.1 billion is from International

Organizations. This is however, expected to improve in the

second half as some disbursements materialized after the

reporting period.

Performance of Expenditure

26. Madam Speaker, as at midyear, the expenditure outturn

is K2.68 trillion consisting of K2.24 trillion in recurrent

expenditure and K438.8 billion in development expenditure.

The total expenditure at mid-year represented a 14.2 percent

variation between the midyear projection and the outturn.

This is mainly on account of lower than anticipated rate of

implementation of some of the programs and activities in the

first half of the financial year.

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