2021 State Budget : Priorities In Revamping The Economy

The President of the Republic has signed a circular outlining directives for the elaboration of the 2021 state budget.

According to the circular, priority will be given to cushioning the economic impact of #COVID19 and the socioeconomic development of the nation

The circular comes a week after the Minister of Finance presented the budgetary orientation at the National Assembly and the Senate where he stated that it was inspired from the 2021 – 2023 medium term development plan.

The Head of State’s 2021 Budgetary Policy Circular gives directives to the Prime Minister – Head of Government and the entire government to take measure to contain political, socioeconomic and cultural challenges brought about by the global health crisis.

The circular specifies that in drawing up the state budget for the year 2021, priority should be given on the one hand to the implementation of measures to mitigate the socio-economic effects and facilitate recovery after the health crisis and on the other hand, to implement reforms to boost the nation’s economic, social and cultural development.

Targets For 2021

The key areas targeted include:

– The resumption of economic growth completing major first generation projects,

-Ensuring agricultural revolution,

– Pursuing universal health coverage,

– Facilitate the reintegration demobilized persons within the Centre for Disarmament, Demobilisation and Reintegration, DDR in the agro-pastoral sector of addition,

– Improving access to basic social services, including drinking water and electricity,

– Strengthening the fight against exclusion and improve protection of people living with handicap.

2021 Priorities

To achieve the above stated goals, the circular states that emphasis will be on:

– Strengthening socio-economic forecasting in order to improve the country’s capacities to face endogenous shocks,

– Strengthening social cohesion and the decentralization process,

– The implementation of the new national development strategy,

– Consolidation of the achievements of the Economic and Financial Program.

The Presidential circular indicates that the budget has been designed in line with the National Development Strategy which is anchored on the 2035 Development Vision.

Elvis Teke

Elvis Teke

Journalist, Online Reporter, News Presenter, Programme Anchor, Peace Advocate, Geo-strategist,

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