Budget 2017: It is not an entirely good budget- Kunbugu MP

Budget 2017: It is not an entirely good budget- Kunbugu MP

The member of parliament for Kunbugu, Ras Mubarak has described the new government's 2017 budget as disappointing.

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He said the budget is especially disappointing to contractors, as during the 2016 campaign period, the NPP promised to pay all outstanding funds to the contractors within their first 100 days in power.

2017 budget disappointing- Ras Mubarak

Ken Offori-Atta reading the 2017 budget

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According to him, there was no mention of payment of the arrears during the finance minister's budget reading at parliament on Thursday.

Mubarak was addressing some media outlets after the budget reading when she said, "I wouldn’t say it is an entirely good budget because there are still a lot of question marks on the many taxes, the many reliefs that they have indicated they would give to the people of Ghana and the question is when?

We were looking forward to a 20 per cent reduction in corporate tax, clearly that hasn't been done, this is contrary to election promises that they gave to the good people of Ghana."

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He further stated, "We were hoping that on income tax something that affects majority of Ghanaians, we will have some reductions in come tax as well, that has not been indicated in the budget statement. We were hoping to hear something on the payment of contractors across the country because in the electioneering campaign they did indicate that within the first one hundred days of their administration they would ensure that all contractors are paid outstanding arrears but we haven’t been given an indication on that one as well.”

The finance minister, Ken Offori-Atta delivered the 2017 budget before parliament, outlining the government expenditures and projects to implemented along with their cost for the year.

He also named 7 major tax reforms that will be enforced, including the removal of duties on spare parts imports, and the removal of the 1% tax on market women and 'Kayayei.'

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Source: Yen.com.gh

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