Parliament approves 2019 budget after intense debate

The 2019 budget and economic statement presented by the finance minister last two weeks has been approved by parliament today.

In concluding the debate, the minority leader, Mr Haruna Iddrisu argued that, the government had performed poorly in achieving its economic targets whiles the 2019 budget statement was anchored on excessive borrowing. Mr Iddrisu, said the minority side of the chamber would not support any budgetary allocation to the Special Initiatives Ministry, since it work was a take over of the functions of the district assemblies, development authorities and some sector ministries.

The two leaders argued on which political party was the better managers of the economy in government.

Mr Iddrisu, who was summing up the two-week debate for the minority side said the government had failed to achieve its economic targets while the 2019 budget was anchored on borrowing.

On his part, the majority leader, Mr  Osei Kyei-Mensah-Bonsu insisted that the erstwhile National Democratic Congress (NDC) government mismanaged the economy, which manifested in an abysmal gross domestic product (GDP).

He reiterated that, only two years into the government of the New Patriotic Party (NPP), the economy had picked up with improved GDP growth, reduction in inflation and budget deficit.

The budget was presented to parliament on the 15th November, 2018 by the Minister of Finance, Mr Ken Ofori-Atta.

Source: | Ghana


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