Majority Leader and Parliamentary Affairs Minister, Osei Kyei-Mensah-Bonsu is expected to present the 2021 budget statement. It follows the inability of the Finance Minister-designate, Ken Ofori-Atta, to present the budget due to his current health status.
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). The budget will be laid in Parliament on Friday, March 12, 2021, for consideration and approval.
In October last year, Mr. Ofori-Atta presented the 2021 Expenditure in Advance Appropriation Budget. This per the law is to make provisions for the first quarter expenditure as the country’s leadership transitions after the 2020 elections.
Government expenditure for the first quarter of 2021 was estimated at GHȻ27.34 billion, with total revenues and grants expected at GHȻ13.3 billion, whilst total expenditure and arrears clearance was at GHȻ24.01 billion.
This was expected to leave a fiscal gap of GHȻ10.7 billion.