: The first major challenge at the beginning was the fragmentation of efforts between the various ministries.
So, the main pillar of the ERGP was the creation of coercion between people and tools. As you are aware, managing people is one of the most difficult tasks managers face, especially trying to change the orientation of people and their mindsets. The implication is that when the revenue is not performing at a rate the government is planning, the government would struggle to fund all its programmes and activities. This is a significant challenge the government is living with on a daily basis.
Two, the budget has the benefit of being implemented for the first time for a full year, because its implementation began in January. PT: If you want to attach percentages to the budget sectoral implementation, what would the picture look like?: Like I said, in terms of revenue, which the government had to review by half-year, the overall performance was 72 per cent, which is higher than the past three years’ performances. Personnel emoluments, which have always been 100 per cent, are of course, same as debt service.
When the government was negotiating for the new national minimum wage, Labour was shown the performance of the economy on the expenditure and the revenue sides. The government made it clear that at the current rate governance was going, it would not be possible to pay the minimum wage they were demanding.
In fact, some states will fail to meet their obligations to their people, in terms of payment of the minimum wage to the workers. That is why the new VAT rate has to stay, despite the obvious pains. We know the slowdown the economy is temporary, while the payment of the minimum wage is permanent and constant. If there is anything, it will increase, with another upward review.
PT: After your appointment, your ministry must have set some targets to achieve in the next one year. What’s your assessment of those targets one year after?: For the Ministry of Finance, the overarching target was to increase the government’s revenue yield to 15 per cent to the GDP. Earlier, I said the journey has started.
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