The Minister for Finance, Ken Ofori Atta is expected to present the budget for the first quarter of 2021 to Parliament on Wednesday, October 28.
The statement will detail the projected revenue and expenditure between January and March next year.
This practice is in accordance with what the Executive does every election year to avoid spending hiccups in case of a transition in government.
Majority Leader and Chairman of Parliament's Business Committee, Osei Kyei Mensah Bonsu who made it known on the floor of the House on Friday, said the budget will ensure that government machinery does not grind to a halt in case there is a change of government.
This means, there will not be a conventional budget presentation in November as is associated with election years.
In July this year, Parliament approved an extra ¢11,896,477,566.00 to support government expenditure after the Mid-Year Budget review and supplementary estimates presented by the Finance Minister.
This was after another approval in November last year, where the House approved ¢98,36,692,358.00 for government’s expenditure for the 2020 financial year.
Latest Stories
-
Suspected killer in Kasoa land dispute shooting not a National Security operative
19 mins -
Ghana appoint four Para Athletics coaches in Preparation for Paris 2024
21 mins -
Kumasi Cheshire Home decries inadequate equipment; seeks public support
1 hour -
UCL: Niclas Fullkrug hands Dortmund first leg advange over PSG
1 hour -
GPL: Accra Lions beat Hearts of Oak to go third
3 hours -
Seek higher grounds as rains intensify – GMet warns
3 hours -
May Day: Sam Ankrah promises to prioritise welfare and well-being of workers if elected president
3 hours -
Bawumia plans door-to-door campaign for 2024 polls
3 hours -
GAF condemns ‘unprovoked’ fatal shooting of soldier in Kasoa land dispute
4 hours -
OSP’s request for money laundering probe against Cecilia Dapaah baseless – AG advises EOCO
4 hours -
Obofour Raphael releases ‘Asem Yi Di Ka’ EP
4 hours -
‘Operation Clean Your Surroundings’: Popular Kenkey joint and public toilets in Takoradi shut down
5 hours -
GFA boss Kurt Okraku graces Dreams FC’s dinner to celebrate CAF Confederation Cup exploits
5 hours -
We’ve intensified efforts to combat misinformation, hate speech ahead of elections- Akufo-Addo
5 hours -
Sekondi-Takoradi: STMA/Joy News’ ‘Operation Clean Your Surroundings’ taskforce arrest 10 for open defecation
5 hours