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An Analysis of the President's Budget for the Fiscal Year 2024

This Analysis starts with an examination of the underlying macroeconomic assumptions and potential risks to fiscal targets, then subsequently presents the current economic conditions and macroeconomic projections from CPBRD and multilateral organizations. The analysis continues with the assessment of medium-term revenue projections, revenue performance, and ongoing tax reforms. It then highlights expected fiscal deficit, borrowing for FY 2024, and NG debt dynamics like debt-to-GDP ratio and estimated debt stabilizing primary balance. Finally, it concludes with an outline of government expenditure priorities and implications of debt-servicing requirements.


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