The government has disclosed that its expenditure exceeded the total revenue generated from January to June this year, by GH¢22.3bn.
According to Finance Minister Ken Ofori-Atta, although GH¢28.3 billion was raised, an amount of GH¢50.6 billion was spent. He, however, while presenting the 2021 Mid-Year review of the Budget Statement and Economic Policy revealed that the deficit of GH¢22.3bn was financed from both foreign and domestic sources.
Tonight on PM Express, host, Evans Mensah and his panellists, former Deputy Information Minister, Felix Kwakye Ofosu and member of the Finance Committee in Parliament, Dr Stephen Amoah discussed the nitty-gritty of Ghana's fiscal deficit and what measures government can undertake to resolve the challenge.
Also, during the reading of the 2021 Mid-Year review, Mr Ofori-Atta revealed that government is ready with a comprehensive programme to create a million job opportunities for the youth in the next two and a half years.
The issue of employment for the youth in the country and how government would ensure that without worsening the public debt stock was also discussed.
Latest Stories
-
DAMC, Free Food Company, to distribute 10,000 packs of food to street kids
1 minute -
Kwame Boafo Akuffo: Court ruling on re-collation flawed
21 minutes -
Samuel Yaw Adusei: The strategist behind NDC’s electoral security in Ashanti region
23 minutes -
I’m confident posterity will judge my performance well – Akufo-Addo
35 minutes -
Syria’s minorities seek security as country charts new future
1 hour -
Prof. Nana Aba Appiah Amfo re-appointed as Vice-Chancellor of the University of Ghana
1 hour -
German police probe market attack security and warnings
1 hour -
Grief and anger in Magdeburg after Christmas market attack
1 hour -
Baltasar Coin becomes first Ghanaian meme coin to hit DEX Screener at $100K market cap
2 hours -
EC blames re-collation of disputed results on widespread lawlessness by party supporters
2 hours -
Top 20 Ghanaian songs released in 2024
3 hours -
Beating Messi’s Inter Miami to MLS Cup feels amazing – Joseph Paintsil
3 hours -
NDC administration will reverse all ‘last-minute’ gov’t employee promotions – Asiedu Nketiah
3 hours -
Kudus sights ‘authority and kingship’ for elephant stool celebration
3 hours -
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
4 hours