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Minister of Finance to Present First Quarter Budget for 2021

by Vesta Daily
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Minister of Finance to Present First Quarter Budget for 2021

The Minister for Finance, Ken Ofori Atta is set to present the budget for the first quarter of 2021.

The budget would be presented to Parliament on Wednesday, October 28, 2020.

However, the statement will detail the projected revenue and expenditure between January and March next year.

This practice is in line with the actions of the Executive every election year to eliminate spending hiccups in case a new government takes over.

According to the Majority Leader and Chairman of Parliament’s Business Committee, Osei Kyei Mensah Bonsu who made it known on the floor of the House on Friday, the budget will make sure that government machinery does come to a stop in case there is a change of government.

Meaning, there will no conventional budget presentation in November as is associated with election years.

In July this year, Parliament endorsed an extra ¢11,896,477,566.00 to support government expenditure after the Mid-Year Budget review and supplementary estimates presented by the Finance Minister.

Vesta Daily
Author: Vesta Daily

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