15/10/2024

Ministry of Finance Begins Mid-Year Budget Review for 2024/2025

By OPM

 

The Ministry of Finance has commenced the Mid-Year Budget Review for 2024/2025, a key process to assess the implementation and progress of initiatives outlined in the 2024/2025 national budget.

Led by the Prime Minister and Minister for Finance, Hon. Philip J. Pierre, the review brings together senior government officials and agency heads from October 15 to October 17, 2024. The sessions will focus on evaluating the budget’s performance thus far, identifying challenges, and considering any necessary adjustments as the fiscal year progresses.

Following the review, the government will work to address challenges impacting budget implementation and remove bottlenecks to ensure more efficient execution. Additionally, the government seeks to identify issues —whether legislative or procedural—that may hinder progress. Adjustments to policies, standard operating procedures (SOPs), and other relevant frameworks will be considered to enhance the implementation process.

The Mid-Year Review will conclude on Thursday, October 17, 2024, and the outcomes will inform fiscal management and decision-making for the remainder of the financial year.

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