The Finance Minister, Ken Ofori-Atta, is expected to meet with legislators today (July 28, 2023) before the mid-year budget review.
The crunch meeting comes ahead of the eagerly anticipated mid-year budget review, which is set to be presented on Monday, July 31, 2023.
The mid-year budget review holds great importance as it aims to clarify the government’s fiscal plans for the rest of the year.
Additionally, it seeks to address potential measures to ensure economic stability and promote growth in the country.
However, the process leading up to the budget review has not been without challenges. The date for the 2023 mid-year budget review has been rescheduled several times.
The Ministry of Finance announced that the budget would be presented on July 25, 2023, and later changed to July 27. Eventually, it was further postponed to its current date, Monday, July 31, 2023.
The Minority in Parliament has expressed concern over the several postponements. The repeated delays have sparked a nervous debate among analysts who think the country’s economic position calls for prompt action to address critical financial matters.
Despite the concerns, the Speaker of Parliament, Alban Bagbin, has urged the lawmakers to avail themselves to make inputs into the mid-year budget review.
“Basically, it will be focusing on the welfare of the country because we are going to deal with financial matters and statutory funds before the final presentation on Monday, and I hope you will talk to your colleagues who are not here now to avail themselves to make inputs into what we are going to discuss with the Finance Minister,” he added.