Audio By Carbonatix
Parliament has approved the GH₵ 6.3 billion requested by the Finance Minister, Ken Ofori-Atta, for extra expenditure for the 2019 financial year.
This was in spite of opposition from the Minority.
Joy News’ Kwesi Parker-Wilson reports from Parliament, this was done through a Majority voice vote.
Meanwhile, the Parliament’s Finance Committee has been tasked to deliberate on proposed tax increases which accompanied the supplementary estimates and present a report for the House’s consideration.
The House which currently is on an hour’s break, will return to consider the proposed tax increment.
Mr. Ofori-Atta told the Legislature on Monday, these are part of measures to help improve governments revenue for development and help improve the livelihood of Ghanaians.
He said as a result of revisions to the 2019 fiscal framework, “the 2019 Appropriation of ¢78,771,833,602.12 that was approved by this august House in November 2018 will not be adequate to cater for the additional programmed needs which will increase the total Appropriation to ¢85,142,189,527.94,” he said.
Mr Ofori-Atta said government is, therefore, requesting Honourable Members to consider and approve an amount of ¢6,370,355,925.82 as supplementary estimates to the original Appropriation of ¢78,771,833,602.12 to bring the revised total Appropriation for the 2019 Fiscal Year to ¢85,142,189,527.94.
He added, “Consistent with Article 179 (8) of the Constitution, the request for a supplementary estimate is necessitated by additional precautionary expenditures in response to regional security developments and the amortisation of contingent liabilities associated with take-or-pay contracts which have crystallised.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Alhassan Tampuli appeals for urgent support for storm victims in Gushegu
27 seconds -
The hypocrisy must stop; pass Anti-LGBTQ+ Bill now – Alhassan Tampuli to Mahama
4 minutes -
Imprisonment should be rehabilitative, not punitive – Ghana Prisons boss at UNGA
26 minutes -
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
37 minutes -
Anti-LGBTQ Bill: NDC’s arrogance is worrying – Hassan Tampuli
48 minutes -
Let’s give OSP time to mature, not to scrap it – Hassan Tampuli
52 minutes -
Nigeria convicts 386 Islamist militants in mass trials
57 minutes -
Djibouti president wins election with 97.8% of vote, state media says
1 hour -
We don’t have mandate to deduct tax from rent allowance of security services personnel – Interior Ministry clarifies
1 hour -
Ablakwa receives Presidential Special Envoy on Reparations to advance global agenda
2 hours -
Christina Koch becomes first woman to travel around the moon on Artemis II
2 hours -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
2 hours -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
2 hours -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
2 hours -
Gov’t distributes over 8,500 laptops to One Million Coders project
2 hours