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Election 2024: We’ll tighten expenditure to avoid slippages – Amin Adam

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Finance Minister Dr Mohammed Amin Adam has reaffirmed the government’s dedication to exercising fiscal discipline and responsible spending, ensuring that economic policies remain on track despite the upcoming elections in 2024.

By tightening expenditure and avoiding policy slippages, the government aims to maintain economic stability and sustain growth.

Addressing journalists during a joint press conference by the Ministry of Finance and the International Monetary Fund (IMF), on Monday, July 1, 2024, he said, “Despite the fact that 2024 is an election year, we are committed to enhancing domestic revenue mobilisation and tightening expenditure commitment controls to avoid policy slippages.”

The Finance Minister further expressed the government’s commitment to sustaining macroeconomic policy adjustment aimed at achieving a comprehensive restoration of macroeconomic stability and fostering a resilient and robust economy for sustainable growth and development.

“We are committed to sustaining our macroeconomic policy adjustment and reforms to fully restore macroeconomic stability and debt sustainability while fostering a sustainable increase in economic growth and poverty reduction,” he assured.

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