As 2024 winds down, the government faces a significant challenge in meeting its domestic revenue target. By the end of September, total revenue stood at NLe12.04 billion—short of the budgeted NLe16.62 billion, leaving a gap of NLe4.58 billion (27.5%).
With only three months remaining, October through December will be crucial for bridging this shortfall. Historically, Q4 sees a surge in economic activity due to holiday spending and year-end business operations. If this trend holds, the government could close the gap.
Revenue Performance So Far
The year began positively, with January recording NLe1.02 billion, followed by February’s peak of NLe1.87 billion. March added NLe1.31 billion. Despite fluctuations, collections remained steady:
- April: NLe1.21B
- May: NLe1.36B
- June: NLe1.66B
- July: NLe1.18B
- August: NLe1.26B
- September: NLe1.18B
Closing the Gap
To meet the target, the government needs an average of NLe1.53 billion per month in Q4—a level reached earlier this year. Success will depend on sustained economic momentum and collective contributions from businesses and citizens.
Achieving this goal will reflect a resilient economy and a coordinated national effort toward fiscal stability.
