Page 21 - THE 2024-25 MID-YEAR BUDGET REVIEW STATEMENT

purchases and winter cropping as a humanitarian response

to food insecurity and a program for enhancing public

finance management systems.

40. Madam Speaker, the 2024-25 development expenditure

has been revised to K1.58 trillion from the approved provision

of K1.77 trillion. Both domestically and foreign financed

components have reduced by K110.5 billion and K76.8 billion,

respectively.

41. Madam Speaker, I wish to emphasize that the reduced

development budget does not entail scaling down of

implementation of projects but reflects contractual

bottlenecks. The August House is therefore, being assured

that implementation of projects will continue and that all

completed works will be prioritized for payment.

42. Madam Speaker, you may wish to note that

implementation of a number of projects is on course. It is

expected that some projects would be completed in the

next financial year’s budget. The following are some of the

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