21 October 2016

2017 first quarter budget presentation cancelled

seth-terkperThe announced presentation of an advanced budget covering government spending for the first quarter of 2017 has been cancelled.

According to Starr News’ Parliamentary Correspondent, Kobby Gomez Mensah it is unclear what has accounted for the cancellation of the budget presentation which was expected to be delivered by Finance Minister Seth Terkper in Parliament today.

The budget presentation has become necessary because of the December 7 polls and the need to prevent overspending in case of a transition in government.

There is however the possibility from now till next Friday for the Finance Minister to outline the government’s projected revenue and expenditure between January and March 2017.

The finance minister in July this year sought approval from parliament to spend an additional 1.8 billion Cedis for the remaining of 2016.

Source: Starrfmonline.com

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