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
-
Meet Ewurabena Quartey, the youngest funeral undertaker in Ghana’s Central Region
12 minutes -
Death rate in ICE immigrant detention centers more than doubles under Trump, Reuters analysis finds
14 minutes -
Conduct thorough background checks on next EC deputy commissioner – Abeiku Hayford
19 minutes -
KMA Mayor inspects flood-prone areas as Kumasi steps up measures to prevent flooding
19 minutes -
Lands Minister strengthens earthquake monitoring with upgraded national seismic network
21 minutes -
Africa unites behind Ghana Black Stars as squad faces Panama today in Canada for World Cup opener
24 minutes -
Juliet Asante reflects on Ghana’s missed World Cup branding opportunity
25 minutes -
Canada’s visa denial for Ghana’s Thomas Partey sets precedent for World Cup host nations
26 minutes -
US immigration law collides with Ghanaian anti-corruption efforts over Ken Ofori-Atta residency ruling
31 minutes -
Sam George announces major reduction in MTN fibre broadband prices
36 minutes -
Carpenter electrocuted after contact with high-voltage cable at Millennium City
38 minutes -
Emeritus Prof. K.K. Adarkwa’s new book ranks Ghana’s districts by road maintenance deficit
41 minutes -
Sports Fund Administrator rallies national support for Black Stars ahead of Panama clash
44 minutes -
GES condemns assault on teachers, property damage at Bawku SHS during WASSCE
49 minutes -
Ayariga, Afenyo-Markin clash in parliament over Ofori-Atta’s US residency reports
58 minutes