2022 Budget: There will be ‘Meat on the bone’ – Kwaku Kwateng teases

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The Chairman of the Finance Committee of Parliament and former Deputy Minister for Finance has said there will be ‘meat on the bone’ if the 2022 Budget Statement and Economic Policy of the Government is approved by Parliament.

Mr. Kwateng, referencing the former President John Mahama, who in 2013 told Parliament that “the meat was now down to the bone”, said if the 2022 budget is approved, the situation will be different, and there will be ‘meat on the bone’ for Ghanaians to enjoy.

He said with the economy facing the chronic difficulty of not being able to bridge the gap between the revenue and expenditure, the 2022 Budget has outlined some measures to deal with the situation.

The former Deputy Finance Minister said this on the floor of Parliament to argue his point for the approval of the 2022 Budget Statement and the Economic Policy of Government.

For example, he said Government has in the budget, initiated a measure which seeks to move the country away from sole sourcing to more competitive tendering contracts as well as improving efficiency of public sector project financing by tackling the value for money regime of government projects  in accordance with the law.

“This is an expenditure control intervention that we support”, he added.

That notwithstanding, the Chairman of the Finance Committee of Parliament said Government again was seeking to apply GIFMIX to cut down unauthorized commitments as well as cut back on the exemptions they give in order to mobilize more revenue to meet its expenditure.

In concluding, he urged Parliament as a House to also lead by example and move away from sole sourcing contracts it has been awarding over the years.

“I wish the leadership of Parliament can cut cost as Ghana seeks to bridge the gap between our revenues and expenditures. Parliament should not just oversight the Executive, we must lead by example”.

Source: www.frontpageghana.com/Ghana

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