The Majority Leader of Parliament, Hon. Osei Kyei-Mensah-Bonsu says the 2022 budget should be able to raise more money for the development of the country.
According to him, borrowing nowadays has become difficult due to the Covid-19 as many well-to-do countries in the world are also struggling to stabilize their economies, making borrowing almost impossible.
He added that the outbreak of the pandemic has compelled the government to take drastic measures against the original plan of the country; thus, the health sector has to be looked at.
He maintained that the Covid-19 has hit hard at businesses as many companies had to fold up and others were unable to recover from the shock of the pandemic.
He stressed that the cost of food is expensive even abroad, making such a challenge difficult to borrow money to develop the country.
He admitted that the debt of the country is already high and therefore going to borrow again will shoot the country's debt higher; hence, it is important to look within for money to develop the country.
Speaking on Okay FM's 'Ade Akye Abia' Morning Show, the Minister for Parliamentary Affairs asserted that it takes money to run the affairs of the country, hence, the Finance Minister with his 2022 budget presentation will indicate how the country will raise funds for the development of the country.
But the Suame Lawmaker cautioned against overtaxing Ghanaians even though the country needs money to develop.
“If we are not careful and you load people with too much taxes, they will break,” he cautioned.
He, however, suggested that in order to raise resources from within, the tax net should be broadened to enable as many people as possible to contribute to the development of the country.
He noted that it is the belief of the government to make private enterprises thrive as the development of the sector will take care of the unemployment situation in the country.
"We want to promote the private enterprises so that the country can develop eventually. I am expecting that the budget will address the businesses that are down in the country. We want to hear how the businesses will be promoted to increase employment," he indicated.
<<Print>>