Deputy Ranking Member on the Finance Committee of Parliament, Isaac Adongo, says it could take magic to obtain the financial targets set within the 2023 Budget Statement and Economic Policy of the Government.
Describing the budget statement as uninspiring, Mr Adongo puzzled how the Finance Minister may improve Ghana’s income technology by 120 per cent in a single year, as indicated to the International Monetary Fund.
In a post budget presentation interview with the Ghana News Agency in Parliament on Thursday, Mr Adongo said growing expenditure from GHS109 billion to GHS205 billion, thus about 88 per cent improve inside one year, was not potential.
He said at this time when the Government was doing fiscal consolidation, doubling its expenditure may create some challenges.
“Where are going to get that 120 per cent increase in revenue?” he requested.
He said due to the financial challenges the nation was going via, government should cut back its expenditures in order that the little that it raised would have the opportunity to handle and get Ghana out of the difficulties.
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