The Minister of Finance, Iipumbu Shiimi delivered the mid-year budget review in Parliament today where he stated that amidst the prevalence of the Covid-19 pandemic at home, in the region and across the world, “this Mid-Year Budget Review is tabled at the time when coordinated actions to contain the pandemic have yielded results, albeit at a heavy toll on the economy”. Shiimi said that the pandemic-induced deepest historic recession this year exacerbated this situation, with a fallout on businesses, jobs, per capita income and public revenue. The minister revealed that the domestic economy is projected to contract by 7.9 percent this year, which is a downward revision from a contraction of 6.6 percent estimated in the Budget.