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Deficits, borrowing, surpluses unveiled in 3-year gov’t report
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Headlines - The Point Newspaper, Banjul, The Gambia RSS
In 2022 the following year revenues stagnate at D16.5 billion, achieving only 62% of the target.
Tax revenues dropped slightly, non-tax collections shrank, and grants contributed just a fraction of what was projected.
Analysts note this period as a reflection of The Gambia’s struggle to mobilise domestic revenues, with overreliance on borrowing becoming the norm.
By 2023, revenues soared to D23.3 billion, surpassing targets by 18%, thanks to improved tax performance and unexpectedly high non-tax collections.
For years, The Gambia’s public accounts were in arrears sometimes lagging up to nine years behind schedule.