Business
Ministry Sets Deadline to Finalize Budget Ahead of IMF Mission
The Ministry of Finance has set a deadline of mid-May 2024 to finalize budget targets as it prepares for the arrival of the International Monetary Fund (IMF) mission.
According to sources in the Finance Division, relevant departments have been instructed to complete these targets to facilitate the signing of a new IMF loan program.
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Key Targets:
- Debt servicing
- Defense
- Tax revenue
- Expenditure estimates
Budget Strategy Paper:
- Expected to be approved by the federal cabinet before the IMF Mission’s arrival
- Prime Minister’s Office has urged the economic team to expedite the budget exercise
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IMF Mission:
- Will present proposals for achieving key targets to Finance Ministry officials during their visit
Deadline:
- Mid-May 2024
