GOVERNMENT IS expected to raise more revenues in the second half of 2019 to fund its outstanding coordinated programs of social and economic policies.
Finance Minister, Ken Ofori-Atta, is scheduled to give details on how the revenues are to be raised when he delivers the mid-year budget review in Parliament on July 29, 2019.
Information Minister, Kojo Oppong Nkrumah, who briefed the media on Sunday, July 21, 2019, said though the administration believed it was steadily executing its commitments to Ghanaians, the mid-year budget review would afford it the opportunity to take a second look at revenue availability to execute the remaining programs, key among them infrastructure.
“…revenue mobilization which was highlighted in the 2019 budget will remain a key feature in the mid-year review,” he said.
The Minister added that “the objective will be to ensure that government mobilizes enough resources to fully deliver on the outstanding commitments.”
Cuts In Expenditures
He noted that “already Government has commenced efforts to cut some avoidable expenses key among which is the ongoing work on cutting out capacity charges for power that we don’t consume.”
According to him, “it is our expectation that cutting out avoidable expenses while shoring up revenues will create more fiscal space to fully fund and execute the outstanding programs in the medium term expenditure framework.”
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