Page 24 - THE 2024-25 MID-YEAR BUDGET REVIEW STATEMENT
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approved, signalling Government’s commitment to
containing borrowing.
Goods and Services
46. Madam Speaker, the 2024-25 approved provision for
Goods and Services of K845.5 billion has been revised
upwards to K931.4 billion, representing a 10.2 percent
increase. The August House may wish to note that the
increase is on account of resources earmarked for food
security interventions and program for the enhancement of
public finance management systems.
Food Security Related Expenditures
47. Madam Speaker, the allocation for maize purchase has
increased to K124.9 billion from K22 billion, representing a 468
percent increase financed with resources from the World
Bank under CAT-DDO. This has been necessitated by
Government’s effort to minimise the food insecurity arising
from the effect of El-Nino weather conditions.
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