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MID-YEAR REVIEW, SUPPLEMENT BUDGET TOMORROW

13 Jul

Hon_Kwabena_DuffourThe Minister for Finance and Economic Planning, Dr Kwabena Duffuor, will tomorrow present the Mid-year review of the Budget Statement and Economic Policy and also Supplementary Estimates, for the 2011 financial year.

A statement signed by Abdul Hakim Ahmed, Media Liaison, Ministry of Finance and Economic Planning said, Developments since the last quarter of 2010 in the economy, has resulted in some changes in the assumptions underlying the 2011 Budget and Economic Policy presented to Parliament in November 2010.

Some of these developments include the passage of the Petroleum Revenue Management Act and the availability of additional resources.

“This has necessitated the presentation of the supplementary estimates, to seek approval for the utilisation of the additional resources,” the statement said.

It said the resources will be spent on priority infrastructural and social intervention programmes, to enhance job creation.

The mid-year review is also to update Parliament on 2010 outturn, as well as progress for the first half of the year.

Source: GNA

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Posted by on 13 July, 2011 in BUSINESS, GHANA

 

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