Page 26 - THE 2024-25 MID-YEAR BUDGET REVIEW STATEMENT

the Local Councils, all Secondary Schools and Teachers

Training Colleges have been maintained as approved.

Unforeseen Expenditure

51. Madam Speaker, you may wish to note that the

unforeseen expenditure budget line has been revised to K4.4

billion. The August House is being appraised that additional

resources for disaster response, amounting to K3.9 billion

have been provided by the World Bank under CAT-DDO.

2024-25 Revised Overall Balance and Financing

52. Madam Speaker, the proposed revisions in revenue and

expenditure as outlined above will result in a decrease in the

estimated fiscal deficit from K1.45 trillion, representing 7.7

percent of GDP to K1.41 trillion representing 7.5 percent of

GDP. This trend is in line with Government’s policy to promote

economic stability and improve fiscal management.

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