News:
March 11, 2015
The Finance Minister, Seth Terkper is expected to present a reviewed budget in Parliament tomorrow Thursday, 12th March 2015.
While some have described the presentation of this reviewed budget as historic, just two months after Parliament approved the 2015 Budget statement; government claims that it has become necessary because of revenue shortfalls and lack of funding from developing partners to support it.
However some Economists have contested the reasons given by government for the budget review, asserting that the government is doing so due to persuasion by the International Monetary Fund (IMF).
The Minority New Patriotic Party (NPP) in Parliament during the presentation of their “True state of the nation address” stated that the presentation of a reviewed budget would have serious consequences for investment and the growth of the country’s economy.
The group said, setting aside a budget which has been approved only two months back and introducing a new budget means that the John Mahama-led government is incompetent of planning for even one year and it shows how deed Ghana has descended into an abyss.
The Minority Leader Osei Kyei Mensah Bonsu who envisaged the presentation of a reviewed budgeted hinted this while making his contribution to the debate on the 2015 Budget last December , explaining that this is so due to the funding gaps, overestimations and incorrect projections in the 2015 Budget.
Ghanamps.gov.gh