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Parliamentary Affairs Minister likely to present 2021 Budget on Friday

The 2021 Budget statement is expected to be laid in Parliament on Friday, March 12, 2021, for consideration and approval.

As required by the Public Financial Management Regulation, 2019, the Minister for Finance, Ken Ofori Atta in October last year presented a three (3) month estimate of expenditure and revenue in advance of appropriation as the country’s leadership transitioned after the 2020 elections.

The highlights captured the key expenditure and revenue items as envisaged for the first quarter of 2021.

Total projected expenditure was estimated at GH¢ 23.7 billion for the first quarter representing 5.3%, with total government revenue and grants of GH¢13.3 billion for Q1 constituting 20% of 2021 annual projected revenue and representing 3% of GDP.

This week the Finance Minister is likely not to present the 2021 budget statement pending due to ill-health.

Reports are rife that Majority Leader and Parliamentary Affairs Minister, Osei Kyei-Mensah-Bonsu is expected to present the 2021 budget statement in his stead.

The presentation of the budget is in accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921).

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