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kobo
United Kingdom
7765 Posts |
 Posted - 19 Dec 2012 : 05:25:25
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Foroyaa Burning Issues News;
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Edited by - kobo on 19 Dec 2012 11:45:17 |
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Momodou
Denmark
11512 Posts |
Posted - 19 Dec 2012 : 13:12:01
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UNDERSTANDING THE BUDGET 1700 MILLION DALASI IN THE BUDGET TO PAY AND SERVICE DEBTS
Foroyaa Editorial: Published on Tuesday, 18 December 2012
The amount of Money that the Government requested for approval from the National Assembly to finance its expenditure from 1 January 2013 - 31 December 2013 is almost 6 billion dalasi. It is five billion ,nine hundred and ninty four Million, six hundred and three thousand and four hundred and seventy seven dalasi to be precise. This money will not drop from the sky,
from what used to be referred to as Allah's World Bank. It is going to come mainly from taxation and non tax sources such as the sale of driver's licences, passports, etc.
It is also important for Gambians to ask for the source of funding for every new project the government is implementing. Most projects come from loans.
According to section 157 of the Constitution, "The public debt shall be charged on the Consolidated Revenue Fund." In simple terms it will be paid from the tax money of the Gambian people. This is why the Government has requested and the National Assembly has agreed for a sum of One Billion, Seven Hundred and one Million, four hundred and thirty seven thousand, four hundred and thirty four dalasi (D1,701,437,434) to be taken from next year's budget to pay and service debts in one year. This amounts to almost 2 billion or 2000 Million dalasi.
Even though the National Assembly has already passed the bill dealing with the budget and government is now to proceed to collect the money from the people to meet the expenditures Foroyaa will take some time to help the people to understand the implications.
Source: Foroyaa |
A clear conscience fears no accusation - proverb from Sierra Leone |
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Dalton1
3485 Posts |
Posted - 19 Dec 2012 : 17:08:28
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http://caelos.com/gainako/?p=1632
"In fiscal 2013, the Finance Minister is at it again. This time, he’s brought a budget that appropriates GMD 6 billion of which GMD 1.7 billion or 40% of the budget goes to service our debt leaving GMD 4.3 billion for government operations. Of this amount, GMD 346 million or 8% of the entire national budget goes to the Office of the President. To do what when the Gambia is faced with a deteriorating infrastructure, a declining educational standards due to poor teacher education, lack of basic educational supplies, poor agricultural production, low productivity of the public sector – to mention a mountain of problems brought about by incompetence and high degree and level of corruption that permeates the entire Gambian society."Ansu
Just when you think Americans are about to jump on that fiscal cliff, you are humored by our home country, The Gambia. The review above is very revealing folks.
What is your take on the budget ladies and gents?
Best regards,
Yero |
"There is no god but Allah (SWT); and Muhammad (SAW)is His last messenger." shahadah. Fear & Worship Allah (SWT) Alone! (:
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Momodou
Denmark
11512 Posts |
Posted - 31 Dec 2012 : 16:26:36
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UNDERSTANDING THE BUDGET BASIC SALARIES FOR HAND TO MOUTH LIVING
Foroyaa Editorial: Published on Friday, 28 December 2012
The amount to be spent on debts is 1.7 billion dalasi. This is more than twice the sum spent on basic salaries. In 2011, the amount spent on basic salaries was D753, 379,000, approximately Seven hundred and fifty three Million dalasi. In 2012, the sum spent on basic salaries was D778, 130,000, approximately Seven hundred and seventy eight Million dalasi. In 2012, the sum to be spent on salaries amounts to D833, 561,000 approximately Eight hundred and thirty three Million dalasi.
This means that there is no significant increase in salaries. The Ministry of Basic and Secondary Education is reported to have received the largest chunk of the budget, apart from debt service. However, in the area of administration, Directors are on grade 10 and earn D6000 monthly as basic salary; Principals are on grade 10 and earn approximately 5000 dalasi as basic salary. Many Headmasters and Mistresses are on grade 9 and are earning less than 5000 dalasi as basic salary.
A bag of good quality rice is now 1,300 dalasi. The use of 150 dalasi daily on food would amount to 4,500 dalasi per month. Hence, a bag of rice and fish money daily would consume the basic salary of a Director at the Ministry of Basic and Secondary Education.
We have to find out where the money in the budget is going before one could fully understand whether quality of services and lives would be improved or not. If top rankers receive hand to mouth salaries what about those at the lower ranks.
Source: Foroyaa Editorial |
A clear conscience fears no accusation - proverb from Sierra Leone |
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kobo
United Kingdom
7765 Posts |
Posted - 22 Mar 2013 : 15:20:31
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Foroyaa Burning Issues News: Published on Thursday March 21, 2013;
DO THE OFFICES OF FIRST LADY AND EX PRESIDENT EXIST? 5 MILLION FOR OFFICE OF EX PRESIDENT AND 2 MILLION FOR OFFICE OF AFRICAN FIRST LADY
"Two students were engaged in a heated debate whether an office called office of First Lady and Ex president exist and came to Foroyaa for explanation.
It is true that public funds are allocated in the budget to maintain the office of African First Lady and the office of Ex President. In 2011, 2012 and 2013, a sum of D5 Million per annum is allocated to the Office of Ex President and 2 Million Dalasi per annum is allocated to the Office of African First lady.
The office of First lady has a Permanent Secretary, a Deputy Permanent Secretary, Principal Assistant Secretary, Senior Assistant Secretary, and Principal Private Secretary.
The Office of African First Lady also has a Deputy Permanent Secretary, 2 Senior Assistant Secretaries and 1 Senior Private Secretary. Hence the Office of Ex President, the Office of First Lady and the Office of African first lady are all catered for in the public purse.
The Office of Ex President has been recommended by some people in some countries under the pretext that it would encourage Presidents to establish term limit and bar them from having fears in vacating political office.
The debate in the Gambia should go on to find out what the rationale is in creating such offices. No annual report has been presented to the National Assembly on the offices mentioned. Are they really functioning?
Witten by: Ousman Njie"
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Edited by - kobo on 22 Mar 2013 15:20:55 |
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