Parliament has approved the GH₵ 6.3 billion requested by the Finance Minister, Ken Ofori-Atta, for extra expenditure for the 2019 financial year.
This was in spite of opposition from the Minority.
Joy News’ Kwesi Parker-Wilson reports from Parliament, this was done through a Majority voice vote.
Meanwhile, the Parliament’s Finance Committee has been tasked to deliberate on proposed tax increases which accompanied the supplementary estimates and present a report for the House’s consideration.
The House which currently is on an hour’s break, will return to consider the proposed tax increment.
Mr. Ofori-Atta told the Legislature on Monday, these are part of measures to help improve governments revenue for development and help improve the livelihood of Ghanaians.
He said as a result of revisions to the 2019 fiscal framework, “the 2019 Appropriation of ¢78,771,833,602.12 that was approved by this august House in November 2018 will not be adequate to cater for the additional programmed needs which will increase the total Appropriation to ¢85,142,189,527.94,” he said.
Mr Ofori-Atta said government is, therefore, requesting Honourable Members to consider and approve an amount of ¢6,370,355,925.82 as supplementary estimates to the original Appropriation of ¢78,771,833,602.12 to bring the revised total Appropriation for the 2019 Fiscal Year to ¢85,142,189,527.94.
He added, “Consistent with Article 179 (8) of the Constitution, the request for a supplementary estimate is necessitated by additional precautionary expenditures in response to regional security developments and the amortisation of contingent liabilities associated with take-or-pay contracts which have crystallised.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
December 7 election was a battle for the ‘soul of Ghana’ against NPP – Fifi Kwetey
40 seconds -
Social media buzzing ahead of Black Sherif’s ‘Zaama Disco’ on December 21
15 minutes -
Afenyo-Markin still suffering from the massive defeat – Fifi Kwetey
23 minutes -
Retain Afenyo-Markin as NPP leader, he has experience – Deputy Speaker
34 minutes -
Kufuor didn’t leave behind a strong economy – Fifi Kwetey
37 minutes -
It won’t be business as usual, remain humble – Fifi Kwetey to party members
2 hours -
Ebenezer Ahumah Djietror appointed as new Clerk to Parliament
2 hours -
Actress Benyiwaa of ‘Efiewura’ TV series dead
3 hours -
Ashanti Regional Chief Imam dies at age 74
3 hours -
Africa Arts Network calls for tax reform to save Ghana’s theatre industry
3 hours -
SSTN Ghana Chapter reaffirms commitment to economic growth under new leadership
3 hours -
Inlaks strengthens leadership team with key appointments to drive growth across sub-Saharan Africa
4 hours -
Green Financing: What Ghana’s Eco-startups need to know
5 hours -
CHAN Qualifiers: Amoah confident of beating Nigeria
5 hours -
Governments deprioritising health spending – WHO
5 hours