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The planned presentation of the biannual fiscal policy review has been postponed until July 29 of this year.
The postponement was announced by Deputy Majority Leader Adwoa Safo during the presentation of the management report to Parliament for next week.
The journal was first to be published on July 17, 2019.
The minority leader, Haruna Iddrisu, welcomed the postponement, saying minority MPs working in the upcoming primary elections for the Democratic National Congress would reap huge rewards.
"The leader may have taken our concerns into account because many of our colleagues on this side are in their various constituencies to submit their nominations to justify their continued badociation with this House."
Under the Financial Management Administration Act of the country, the Minister of Finance goes to Parliament, no later than July 31, to prepare and submit a Mid-Year Review of Fiscal Policy. .
This normally includes the estimates presented in the budget presented by the Minister of Finance for the year in question.
There is some indication that some macroeconomic targets set in 2018 will likely be revisited in the Minister's presentation to Parliament.
Some of the objectives for the 2019 fiscal year were:
• overall real GDP growth of 7.6%;
• non-oil real GDP growth of 6.2%;
• inflation of 8.0% at the end of the period;
• budget deficit of 4.2% of GDP;
• a primary surplus of 1.2% of GDP; and
• Gross international reserves must cover at least 3.5 months of imports of goods and services.
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