Osei Kyei Mensah Bonsu expected to read 2021 budget on Friday

Economic news for Monday, March 8, 2021

Source: www.ghanaweb.com

03/08/2021

Again and again, new and unconfirmed information continues to arrive on who could step into the shoes of Ken Ofori-Atta, the Minister-designate of Finance, this Friday, March 12, 2021, to read the 2021 budget.

This became the case after the minister-designate sought permission from the Parliamentary Appointments Committee to postpone his review after leaving the country for additional medical treatment in the United States of America.

In the most recent projection, it was believed that Alan Kyeremanten was to make the statement on behalf of the government that day.

This time, however, citinewsroom reports receiving reports that Osei Kyei Mensah Bonsu, the Head of Government Affairs in Parliament, will be the one to go instead.

The budget presentation complies with Article 179 of the 1992 Constitution and Article 21 of the 2016 Public Financial Management Law (Law 921).

This 2021 budget is expected to be presented to Parliament on Friday, after which it will be considered and approved, as is the practice.

Reports added that last October, Ken Ofori-Atta presented 2021 spending in the Advance Credit Budget, which by law must forecast first-quarter spending as the country’s leadership passes after the elections. from 2020.

Government expenditure for the first quarter of 2021 was estimated at GHȻ 27.34 billion, with total revenues and subsidies expected at GHȻ 13.3 billion, while total expenditure and arrears clearance was GHȻ 24.01 billion. GH billion.

This should leave a budget gap of GHȻ 10.7 billion.