1. Mr Speaker Sir, I rise to present this year’s Mid-Year Budget Review, complying with section 7(2)(a) of the Public Finance Management Act.
2. The Review seeks to update this august House and the nation at large on macroeconomic developments during the first half of the year. On the basis of developments to date, the Review further outlines an updated Macro-Fiscal Framework, which
underpins the proposed 2019 Supplementary Budget.
3. To the extent possible, contributions received from various stakeholders in Government, private sector and civic organisations, including critics, are acknowledged and appreciated in the crafting of this Review. Mr Speaker Sir, there is a saying by Michael Bassey Johnson (a writer) that “a bitter critic is the sweetest corrector”. It is, therefore, incumbent upon all of us to be tolerant of different views and freely participate in the reconstruction of this economy.