BUDGET SPEECH 2004
PROGRAMME BASED BUDGETING FOR EFFICIENT RESOURCE ALLOCATION
AND USE WITH A POVERTY REDUCTION DIMENSION
III. CO-OPERATION AND INTEGRATION
i. Bilateral Relations
Mr. Speaker Sir,
17. Our foreign policy goals and direction continue to be dictated
and motivated by the twin principles of enhancing our national development
interests, and the pursuit and promotion of international peace and
security. To this end, and in collaboration with our development partners,
our diplomacy under the auspices of international financial and trading
institutions continue to pursue fully bilateral and multilateral negotiations
and discourses geared towards the socio-economic development of The
Gambia. Let me take this opportunity to thank, once again, countries
that have had and continues to have an excellent bilateral relationships
with The Gambia, especially those that have actively taken part in our
development efforts
18. As our development is linked with that of the entire Africa
region, and the rest of the international community, we will continue
to cooperate at the levels of ECOWAS and the EU as well as the U.N in
order to lift the African continent in particular from its unenviable
socio-economic position, and to ensure greater prosperity for all humanity.
No meaningful development can take place in the absence of peace and
security. Sadly, in our part of the World, the absence of peace continues
to threaten the very viability of some societies and economies. It is
with this in mind, and keeping with our international obligations that
Gambia Government, as always, is in the forefront of peace initiatives
in Africa and other hotspots in the World. The Gambia's participation
in peace operations around the world is now well-known.
ii. Sub-Regional Cooperation
and Integration
Mr Speaker Sir,
19. The Government continues to be committed to the ideals and
principles behind the establishment of ECOWAS for the integration of
the people and economies of West Africa. The Government continues to
fully implement the various ECOWAS Protocols to enable the Community
achieve its aims and objectives for the betterment of the people of
our sub-region. At the continental level, Government continues to be
fully committed to the African Union. We now have a full Diplomatic
presence at Union's Head Quarters and have been, and will continue to
be, an active player in this noble initiative.
20. At the wider international level, government renews our
commitment to the Universal struggle against all the ills that threaten
human security, such as terrorism, pandemic diseases like HIV/Aids,
Malaria &Tuberculosis. We have ratified almost all the anti-terrorism
instruments. We do so in the conviction that it is only through a collective
response that humankind can be saved from the insidious threats.
iii. Relations with our Development
Partners
Mr Speaker Sir,
21. Government's relationship with international organisations
continued to flourish during the year. Prominent among our development
partners are the Bretton Woods Institutions, the European Union, the
African Development Bank, the United Kingdom (DFID) and agencies of
the United Nations family.
22. The World Bank, through the International Development Association
(IDA), is assisting The Gambia in the establishment of a sound macroeconomic
and sectoral environment conducive to economic growth, rehabilitation
and development of economic and social infrastructure, and development
of human resources through the provision of efficient social services.
Current World Bank projects in The Gambia include the Participatory
Health Population and Nutrition, Third Education Sector, Poverty Alleviation
and Capacity Building, HIV/AIDS Rapid Response, and Capacity Building
for Economic Management, and the Trade Gateway projects.
23. In March 2003, the Board of Directors of the World Bank
considered and endorsed the Gambia Country Assistance Strategy. The
Bank commended the Government for its efforts in tackling the economic
and social problems facing the country. The Poverty Reduction and Growth
Facility program with the IMF is currently under suspension and The
Gambian authorities are working diligently to get this program on track.
24. The UNDP, through its Economic Management and Capacity Building
for Private Sector Development Project, has committed over $50.0 million
to support the Finance and Trade Departments and The Gambia Chamber
of Commerce and Industry. The project is expected to assist Government
to build capacity, actualise Vision 2020 and promote private sector
development. The programme will complement other initiatives being supported
by the World Bank, African Development Bank and DFID.
25. Also, during the review period, the European Union under
its Ninth EDF Programme, allocated 51.0 million Euros as a grant to
the Gambia, with 37.0 million for existing programmes and the remaining
14.0 million for emergency needs. The EDF programme comprises Decentralisation,
Rural and Infrastructural Development.
-end.
I.
INTRODUCTION
II. THE WORLD ECONOMY
III. CO-OPERATION
AND INTEGRATION
IV. THE DOMESTIC ECONOMY
V. POVERTY ALLEVIATION
AND THE SOCIAL SECTOR STRATEGY
VI. POVERTY REDUCTION
THROUGH INCREASED PRODUCTIVITY
VII. POVERTY REDUCTION
THROUGH INFRASTRUCTURAL DEVELOPEMENT
VIII. ENVIRONMENTAL
ISSUES
IX. NON-GOVERNMENTAL
ORGANISATIONS
X. DIVESTITURE STRATEGY AND REGULATORY FRAMEWORK
OF PUBLIC ENTERPRISES
XI. FINANCIAL PERFORMANCE OF PUBLIC ENTERPRISES
XII. GOVERNANCE
XIII. FISCAL PROJECTION FOR YEAR 2004
XIV. REVENUE AND BUDGETARY MEASURES FOR 2004
XV. CONCLUSION |