Former Finance Minister Dr Mohammed Amin Adam has criticised the government’s economic management, arguing that key fiscal and monetary objectives have not been achieved despite claims of macroeconomic stability.

Speaking in Parliament, the Karaga MP said the government had fallen short of important revenue mobilisation targets under the IMF-supported programme.

“They were supposed to achieve a target as far as revenue to GDP is concerned, they have brought it down to 13%, they failed,” he said.

Dr Amin Adam also questioned the government’s claims of economic stability, insisting that improvements in inflation had not translated into lower borrowing costs.

“Stability, when we talk about stability, is supposed to achieve a certain purpose, which is to bring down the cost of borrowing,” he stated.

According to him, despite a significant decline in inflation, businesses and individuals continue to face high lending rates.

“The last part, I was saying that even at inflation of 23%, the real lending rate was about 6.5%, and now with inflation of almost 4%, the real lending rate is above 10%. What has gone wrong? And you call this stability? This stability is not on the ground. The people are not feeling it,” he said.

The former Finance Minister argued that economic stability should be measured not only by headline indicators but also by improvements in access to affordable credit and stronger fiscal outcomes.

He urged the government to focus on achieving tangible economic gains rather than relying on political narratives about economic recovery.