Business

Finance Minister to present budget on govt’s expenditure for first quarter of 2021

Minister of Finance Ken Ofori Atta is expected to present government’s expenditure for the first three months of 2021 to parliament on Wednesday, October 28.

The expected presentation known as ‘Expenditure In Advance of Appropriation’ is to prevent transitional challenges in the smooth running of the country in the first three months after elections.

This was made known on the floor of the House by the Majority Leader, Osei Kyei-Mensah-Bonsu.

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 ¢11,896,477,566.00 to support government expenditure after the Mid-Year Budget review and supplementary estimates presented by the Finance Minister.

This was after another approval in November last year, where the House approved ¢98,36,692,358.00 for government’s expenditure for the 2020 financial year.

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