BUSINESS SENTIMENT INDEX REGAINS TO PRE-4/21 FOOTING

BUSINESS SENTIMENT INDEX REGAINS TO PRE-4/21 FOOTING

In mid-August 2019, the Cabinet approved a proposal to present a Vote on Account (VoA) with the aim of allocating government expenditure for the first quarter of 2020. This move is attributed to the belief that it would not make sense to introduce a fully fledged budget in the lead up to the Presidential Election.With a Presidential Poll being expected to be held in December, the presentation of Budget 2020 would have to be postponed pending the composition of a new Cabinet and policies of the next regime.