This policy brief outlines CPD’s recommendations for the National Budget of FY2025. In FY2024, the government confronted poor revenue collection, soaring inflation, bank liquidity constraints, and falling foreign currency reserves. These internal and global concerns, worsened by political instability, need a budget that solves urgent issues and establishes long-term stability. CPD recommends maintaining macroeconomic stability, increasing fiscal flexibility, and optimising public resources in the FY2025 budget.
Publication Period: March 2024