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Asempa budget now Asembↄne budget – Ato Forson

A former Deputy Minister of Finance, Casiel Ato Forson has ridiculed the government’s mid year budget review, saying it failed to live up to expectation.

Speaking a few minutes after Finance Minister, Ken Ofori Atta’s presentation in Parliament, Mr. Forson said government has failed to achieve its revenue targets.

“Government has failed to achieve its revenue targets. We are cutting down on the budget for goods and services by GhC 600 million. We are paying people but they don’t have the resources to work with. The budget is being revised from Asempa budget to Asembↄne budget.

“The expectation was that from q1 to q2 the outturn will be 2.7 billion but the outturn is 2.1 billion which is another cut. What this means is that there is a shortfall of almost 600 million. Put the two together. Tax revenue and non tax revenue. The shortfall so far is GHC 2. 7 billion,” Ato Forson said.

He believes the Finance Minister only presented “cosmetic figures” in Parliament to hoodwink Ghanaians.

“The numbers that we are seeing here are cosmetic. Government is accumulating arrears and failing to pay contractors. This is artificially compressed.”

 

 

Source: citifmonline.com

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