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Finance Minister Ken Ofori-Atta will present today, Wednesday October 28, a budget to Parliament to attend the first quarter of 2021.
The expected presentation, known as Appropriation Advance Expenditure, has become a common feature of election years to avoid transition challenges in the proper functioning of the government during the first three months of the year after the elections.
Before the presentation, the minority leader, Haruna Iddrisu, notified the intention to interrupt the minister if the pending issues that he calls are not resolved.
“The pending matters that the Minister of Finance must do for the members, if he does not do so, today we are going to interrupt him. We’ll subject him to an empty room today as part of the boos, then he’ll know we don’t want to hear it. ”
In July this year, the government submitted a revised budget statement to Parliament for approval of an additional 11.8 billion GHS to support government spending for the remainder of 2020.
This was after the government’s projections for the 2020 financial year were affected by the economic implications of the coronavirus pandemic.
Earlier this year, the Finance Minister announced that the government will require some GHS9.5 billion to combat the COVID-19 pandemic, a situation that may move the 2020 budget deficit to more than seven percent.
He also claimed that this will be 2.5 percent of Ghana’s revised GDP, and there will be a “GHS11.4 billion tax gap.”
— citinewsroom
