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
-
Why passport stamps may be a thing of the past
2 minutes -
GOLDBOD CEO explains ‘Clear Typo’ in Foreign Reserves claim
3 hours -
Trump says US military struck ISIS terrorists in Nigeria
4 hours -
Civil society group calls on BoG to suspend planned normalisation of non-interest banking
6 hours -
King Charles’ Christmas message urges unity in divided world
6 hours -
Jingle bills: Arkansas Powerball player strikes $1.8bn jackpot on Christmas Eve
6 hours -
Brazil ex-President Jair Bolsonaro’s surgery for hernia ‘successful’
6 hours -
Ghana and Afreximbank announce successful resolution of $750 million facility
9 hours -
IGP inaugurates Ghana Police Music Academy
9 hours -
Proposed 5-year presidential term will be difficult for underperforming presidents to seek more – Prof Prempeh
9 hours -
Constitution review was inclusive, structured and effective – Prof Prempeh
10 hours -
Public urged to remain vigilant to ensure fire incident-free Christmas
10 hours -
Why the fight against neglected tropical diseases is far from over
10 hours -
Reported losses from gold operations in 2025 remain speculative – BoG
10 hours -
Fighting AIDS and STIs in Africa: UNFPA equips youth to turn data into action
10 hours
