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
-
NDC threatens sanctions over oversized campaign posters, gives aspirants 5 days to comply
36 minutes -
Star Oil paid GH¢2.7bn in taxes, levies in nine months of 2026
50 minutes -
Samson’s Take: The rule of law is cheaper before the bulldozer
51 minutes -
GRA blames system failure for delay in issuing receipt over passenger’s customs duty
1 hour -
Livestream: Newsfile discusses World Cup visa scandal, beach demolitions, education strikes, BRICS bid
1 hour -
NC-PTAs welcomes end of teachers’ strike, urges parents to prepare children for Monday
1 hour -
Government procures over 2,000 transformers as Ghana’s electricity access hits 89.13% – Energy Minister
2 hours -
UTAG-UG threatens strike on October 19 over unpaid allowance
2 hours -
Let The Constitution direct Chieftaincy to deliver “All Development Is Local”
3 hours -
John Jinapor outlines renewable energy, nuclear power priorities for 2027
4 hours -
Ghana explores centre of excellence for hearing, communication and cochlear implant care
5 hours -
Schizophrenia-related disorders lead mental health cases recorded in Ghana
5 hours -
Dutch authorities enlist Ghana in hunt for fugitive drug lord Bolle Jos
5 hours -
Ghana housing finance conference adopts communiqué to improve affordable housing access
10 hours -
Special Initiatives Minister urges Wa Technical Institute to enrol more girls as EU-backed solar training lab opens
10 hours