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
-
Hamamat and Wiyaala land tourism ambassadorial roles
16 minutes -
A singer’s tragic death highlights Nigeria’s snakebite problem
40 minutes -
Mikel Arteta: Arsenal’s 9-point lead at top of Premier League means ‘nothing’
1 hour -
Japan votes in snap election as PM Takaichi takes a gamble
2 hours -
Bloodshed in Kpandai as rival chieftaincy factions clash over gravel pit
2 hours -
Vote-buying allegations: Refer Ayawaso East incident to OSP — Mussa Dankwah tells Mahama
3 hours -
Government plots audacious 180,000-hectare coconut expansion to dominate global markets
4 hours -
AMA doubles sweepers’ wages to GH₵800
5 hours -
Ashie Moore admits defeat in war against vote buying
5 hours -
UniMAC mourns with family as student killed in road crash is laid to rest
5 hours -
Bribery scandal rocks NDC Ayawaso East primary as IMANI President demands total annulment
5 hours -
Pollster Mussa Dankwah reacts as Baba Jamal defies projections in NDC Ayawaso East Primary
6 hours -
Government to roll out Free Primary Healthcare in the first week of April
7 hours -
The price of inaction: Why we must invest now to end FGM in West, Central Africa
8 hours -
Mahama recalls High Commissioner to Nigeria Baba Jamal over vote-buying allegations
9 hours
