CONCLUSION
- Mr Speaker Sir, despite the ragging global pandemic, implementation of the NDS1 through the 2021 National Budget remains on course, following a favourable farming season, recovery in manufacturing sector and firming international commodity prices.
- The COVID-19 response measures, coupled with the vaccination exercise currently underway globally and domestically, continue to give hope to the sustained economic recovery.
- The fiscal consolidation measures implemented to date have engendered stability in the economy.
- Mr. Speaker Sir, let me inform the House that I only presented economic developments to date and outlook as well as update on the 2021 National Budget implementation progress during the first half of the year.
- There is need to stay the course. Therefore, there are no policy changes as I believe the existing policies are achieving the desired results and are still adequate. We only need to stay the course, and any substantial policy changes will be introduced through the 2022 National Budget.
- Let me end by a quote from Author and Behavioural Scientist, Steve Maraboli, “Life doesn’t get easier or more forgiving, we get stronger and more resilient.” Therefore, let us focus on building resilience and recovery of the economy in the middle of this COVID 19 storm.
- I finally commend the 2021 Mid Term Budget and Economic Review to this august House.
I thank you.
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