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December 11, 2019
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Breaking News: Govt Seeks Additional GHS6.4 billion In Mid-Year Budget

The government through the Minister of Finance is seeking a whopping sum of a little over GHS6.4 billion for a supplementary budget for the 2019 Financial year.

Portion of the parliamentary Order Paper captured the statement reads,  ” that this honourable House approves the sum of GHS6,370, 355,925.82, as Supplementary Estimate of Government for the 2019 Financial Year.”

The Minister of Finance Ken Ofori Atta is expected to makes the request on the floor of parliament on Monday, July 29,  on behalf of the government.

President Akufo Addo

Usually, the mid-year budget review is for the government to explain to the people through parliament on what it has utilised the annual budget for and where it has failed.

Mostly, the mid-year review is to review the revenue generated and capital expenditure.
It is not clear what the government has spent over GHS73 billion 2019 annual budget for, which approved by parliament in November 2018.

Effectively, many Ghanaians are asking the government for what it had used the budgeted money for as they could not find any projects in their communities.

Most major roads remained deplorable and same could be said on education and health sectors.
Projects left behind incomplete by the previous government under John Mahama administration, remained as they were.
The Minority in parliament has on several times accused the current government of haven borrowed over GHS80 billion, stretching the national debt to GHS200billion without tangible national projects to show.

It is not clear what the supplementary budget of GHS6.4billion would be used for, should parliament graciously approve the mid- year budget.

Meanwhile information indicated that  the Finance Minister, Ken Ofosi Atta would also announce some policies including introducing of new tax and reviewing old tax upwards.

 

Source: therepublicnewsonline.com/Felix Nyaaba

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