Mid-year budget review to focus more on raising revenue to complete projects

Mid-year budget review to focus more on raising revenue to complete projects

- The 2019 mid-year budget will among others focus on augmenting government revenues to fund the outstanding coordinated programmes of social and economic policies

- According to the Information Minister, Kojo the annual budget programme were designed to fund and execute a part of that programme each fiscal year

- The Minister said revenue mobilization, which was highlighted in the 2019 Budget, will remain a key feature in the mid-year review

The Information Minister, Kojo Oppong Nkrumah, has revealed that the mid-year budget review will focus on raising revenue to fund outstanding government programmes.

The mid-year budget review will be delivered on July 29 by the Finance Minister, Ken Ofori-Atta.

Mr. Nkrumah said the budget’s main focus will be on augmenting government revenues to complete outstanding social and economic policies.

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The Minister disclosed this while addressing the media in Accra on Sunday, July 21.

According to him, the annual budget programme were designed to fund and execute a part of that programme each fiscal year.

He added that revenue mobilization also remains a key feature in the mid-year budget review.

"It is refreshing to see the vigour with which Ghanaians have responded to the President’s call to be citizens and not spectators and consequently notes calls for government to deliver on some national issues with dispatch,” Mr. Nkrumah said.

"This same vigour will hopefully be translated into our revenue mobilisation efforts to ensure that we fully fund and fully execute outstanding programmes.”

He said the mid-year budget review will afford it the opportunity to take a second look at revenue availability to execute the remaining programmes.

The Minister further stated that government has begun efforts to cut its losses, when it comes to avoidable expenses.

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By cutting avoidable expenses, Mr. Nkrumah believes government will be able to shore up revenues and create more fiscal space to fully fund and execute the outstanding programmes.

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Source: Yen.com.gh

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