20% QUARTERLY EXPENDITURE CEILING WILL ENHANCE CREDIBILITY OF 2022 BUDGET – ECONOMIST

Following the pandemic’s impact on the economy, the latest bold step adds to the government’s announced fiscal consolidation strategies, which include a focus on more internal revenue generation.

The government’s projected expenditure for 2022, which has already been approved by Parliament, is GH¢135.6 billion, jumping from the GHS 107.9 billion, which was allocated for the 2021 financial year.

In an interview with Citi Business News, Courage Martey however, urged the government to back its words with action.

Following the pandemic’s impact on the economy, the latest bold step adds to the government’s announced fiscal consolidation strategies, which include a focus on more internal revenue generation.

The government’s projected expenditure for 2022, which has already been approved by Parliament, is GH¢135.6 billion, jumping from the GHS 107.9 billion, which was allocated for the 2021 financial year.

Source: citinewsroom.com


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