Madam Speaker, the implication of the domestic and external state of affairs briefly described above is that 2009 will be very challenging for the new NDC administration. The Government is nevertheless committed to its pledge of providing improved social services to uphold the living conditions and dignity of the average Ghanaian.
The policy thrust of the 2009 budget is to reduce the current budget deficit to sustainable levels, improve the exchange rate regime, and work towards the attainment of single digit inflation.
The main strategies to be used will include enforcement of fiscal discipline, significant reduction in unproductive recurrent expenditure and improvement in revenue generation (including dividends from state owned enterprises).
Infrastructure development in the roads, energy and water sectors will be accelerated and expanded whilst providing security and justice for all.