2024 Budget will promote economic stability; refrain from politicizing debates – Dormaa East MP
The Member of Parliament for Dormaa East, Paul Apraku Twum Barimah, has called on the majority and the minority groups in Parliament to avoid politicising debates on the 2024 Budget and instead focus on programmes and projects that would help to improve the livelihood of the people of Ghana
Speaking in an interview with the media after the presentation of the 2024 Budget by the Minister of Finance, Ken Ofori-Atta in Parliament, Mr. Twum Barimah described the budget as one that would promote economic stability and growth.
According to him the budget has been developed to bring relief to the people of Ghana and would propel economic growth and infrastructural development.
“When you look at the budget carefully, you realise that the government did not introduce new taxes. Besides, some old taxes were removed, as captured in the budget. Some contracts have also been flagged and reviewed to help the country save resources”, he stated.
“In the budget, government has secured funds to construct the La General Hospital. Let me emphasise that this budget will not bring major challenges in its implementation which is good. This clearly shows that the country is moving forward and I want the minority and the majority members of Parliament to discuss this budget dispassionately devoid of politics’ he added.
The government is seeking to spend ¢226.7 billion (21.6% of Gross Domestic Product) in 2024.
This projection reflects a reduction of 6.1 percentage points of GDP in total expenditures (commitment basis) relative to the outturn in 2022.
This large decrease comes from the combination of fiscal consolidation efforts of 4.9 percentage points of GDP, reflecting an adjustment in revenue by 1.0 percentage point and primary expenditure by 4.0 percentage point of GDP.
Source: Ghana News
