The government has said the mid-year budget review which will be delivered by the Finance Minister on 29 July 2019, will, among other things, focus on augmenting the revenue of the government to fund the remaining coordinated programmes of social and economic policies.
The 1992 Constitution requires every administration to prepare a coordinated programme of social and economic policies with which it will govern. Annual budget programmes are designed to fund and execute part of that programme each fiscal year.
Addressing journalists in Accra on Sunday, 21 July 2019, the Minister of Information, Mr Kojo Oppong Nkrumah said though the Akufo-Addo administration believes it is steadily executing its commitments to Ghanaians, the mid-year budget review will afford it the opportunity to take a second look at revenue availability to execute the remaining programmes, key among them being infrastructure.
“This is why revenue mobilisation, which was highlighted in the 2019 budget, will remain a key feature in the mid-year review. The objective will be to ensure that the government mobilises enough resources to fully deliver on the outstanding commitments,” he said.
Mr Nkrumah stated that: “It is refreshing to see the vigour with which Ghanaians have responded to the President’s call to be citizens and not spectators, and consequently note calls for the government to deliver on some national issues with dispatch. This same vigour, will, hopefully, be translated into our revenue mobilisation efforts to ensure that we fully fund and fully execute outstanding programmes”.
Already, the government has commenced efforts to cut some avoidable expenses, key among them being the ongoing work on cutting out capacity charges for power that is not consumed.
Mr Nkrumah said the government was hopeful that cutting out avoidable expenses while shoring up revenue, will create more fiscal space to fully fund and execute the outstanding programmes in the medium-term expenditure framework.
The 1992 Constitution requires every administration to prepare a coordinated programme of social and economic policies with which it will govern. Annual budget programmes are designed to fund and execute part of that programme each fiscal year.
Addressing journalists in Accra on Sunday, 21 July 2019, the Minister of Information, Mr Kojo Oppong Nkrumah said though the Akufo-Addo administration believes it is steadily executing its commitments to Ghanaians, the mid-year budget review will afford it the opportunity to take a second look at revenue availability to execute the remaining programmes, key among them being infrastructure.
“This is why revenue mobilisation, which was highlighted in the 2019 budget, will remain a key feature in the mid-year review. The objective will be to ensure that the government mobilises enough resources to fully deliver on the outstanding commitments,” he said.
Mr Nkrumah stated that: “It is refreshing to see the vigour with which Ghanaians have responded to the President’s call to be citizens and not spectators, and consequently note calls for the government to deliver on some national issues with dispatch. This same vigour, will, hopefully, be translated into our revenue mobilisation efforts to ensure that we fully fund and fully execute outstanding programmes”.
Already, the government has commenced efforts to cut some avoidable expenses, key among them being the ongoing work on cutting out capacity charges for power that is not consumed.
Mr Nkrumah said the government was hopeful that cutting out avoidable expenses while shoring up revenue, will create more fiscal space to fully fund and execute the outstanding programmes in the medium-term expenditure framework.
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