The National Assembly was informed by the Minister of Finance and Economic Affairs that between 2021 and 2025, ministries, departments, and agencies (MDAs) earned a total of D12.8 billion in revenue, which he claimed was utilized to finance government operations.
In response to a query from the Upper Saloum National Assembly member, the minister stated that during the five-year period, MDAs throughout the central government collected the revenue.
“I want to inform the Honourable Member that the total amount of revenue raised by MDAs of the central government for the period 2021 to 2025 amounted to D12.8 billion; hence, all these funds were used in funding the government operations,” he stated.
According to the minister, revenues from MDAs funded by the central government budget are now tracked by the government’s Integrated Financial Management Information System (IFMIS).
However, he pointed out that some institutions’ self-generated revenue is still not fully captured by the system.
“The IFMIS system currently accounts for revenues for the MDAs financed through the central budget; hence, not all sectors raising self-raised revenues are captured in IFMIS, nor are they appropriated through the budget,” he stated.
The minister stated that his ministry has implemented new regulations mandating government entities to report their self-generated revenue more frequently in order to enhance monitoring.
“We have enhanced the oversight in this area; going forward, they will submit to the Ministry of Finance their revenue collections quarterly,” he stated.
In order to improve oversight of non-tax earnings produced by public institutions, he continued, the government is also reorganizing its budget management system.
He said, “We are also reorganizing our Budget Directorate to create a dedicated section for the non-tax revenues, and they will now be following up with the agencies to find out how they are moving with their targets.”
The minister claims that increasing the use of IFMIS is still essential to the changes. The Accountant General will oversee ongoing attempts to gradually integrate institutions that are not yet connected to the system.
“The rollout of IFMIS forms the core of these reforms. For those agencies that are not on the IFMIS, the accountant general is working on a plan to onboard them to the IFMIS. It is a work in progress,” he said.
