Finance Minister Seth Tekper to present ‘Ghana Abr3’ 2014 Budget tomorrow
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Finance Minister Seth Tekper will on Tuesday present the 2014 Budget to Parliament for approval.
The budget, is expected to cover job creation, skills development and efficiency in the country’s economy.
Information & Media Relations Minister, Mahama Ayariga, disclosed at a media briefing at the Flagstaff House and said next year’s budget would include the transition of the Ghanaian economy from lower middle-income to the middle-income level.
The payment of salaries and wages was the reason for last year’s budget deficit.
There is 9% deficit set this year. Government failed to achieve a first quarter budget deficit target of 3% of GDP (GH¢2.7 billion), reaching 3.8% of GDP (GH¢3.4 billion) instead.
Again, the country’s debt stock are from GH¢9.5 billion at the end of 2008 to GH¢38.3 billion (43.2 percent of GDP) April 2013.
The Single Spine Salary Structure (SSSS) was far over spent from 35% to about 70 percent of its expenditure.
Author: Nana Kwesi Coomson (www.233times.net)
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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