By Kaddy Jawo The Minister of Finance and Economic Affairs Mamburay Njie yesterday presented the estimates of revenues, recurrent and development expenditure for the fiscal year 2019 at the National Assembly. The minister further reported that personal emolument expenditures are projected to increase significantly this year over last year mainly because cabinet has proposed to increase salaries by 50 percent and pensions by 100 percent. According to the finance minister, the total revenue and grants in 2019 is projected at D25.28 billion, which represents an increment of 27 per cent over 2018 figure of D19,83 billion. The increment is mainly attributed to changes in user charges and fees of government services, coupled with performances in project grants and budget. Mr Njie further stated that the project grants are estimated to increase from D8.2 billion in 2018 to D9.9 billion in 2019, “whilst we are also budgeting for budget support to the tune of D3.4 billion expected to come from development partners mainly the European Union and the World Bank.” He informed lawmakers that the total expenditure and net-lending is projected to increase from D20.76 billion in 2018 to D28.73 billion in 2019, representing an increase of 38 per cent, the bulk of which is attributed to the development budget, which is primarily financed by the country’s development partners. The adoption and consideration of these estimates for 2019 is slated for 3rd, December 2018 at the National Assembly by 11:00AM.]]>