BUSINESS NEWS: Finance Minister Set To Present Budget For First Quarter Of 2021 On October 28
Finance Minister, Ken Ofori Atta is expected to present the budget for the first quarter of 2021 to parliament on Wednesday, October 28.
The statement is expected to detail the projected revenue and expenditure between January and March of next year.
The practice is in accordance with what the Executive does every election year to avoid spending hiccups in case of a change in government.
Majority Leader and Chairman of Parliament's Business committee, Osei key Mensah Bonsu who made it known on the floor of the House on Friday, said the budget will ensure that government machinery does not grind to a halt in case there is a change of government.
This means, there will not be a conventional budget presentation in November as is associated with election years.
In July this year, Parliament approved an extra GHc11,896,477,566,.00 to support government expenditure after the Mid-Year Budget review and supplementary estimates presented by the Finance Minister.
This was after initial approval in November last year, where the House approved GHc98,36,692,358.00 for the government's expenditure for the 2020 financial year.
Story by RodneyTsenuokpor