Finance Minister to Present 2025 Mini-Budget as Parliament Reconvenes Today
Parliament resumes sitting today, January 3, 2025 following its December adjournment, with the spotlight on the presentation of the long-awaited 2025 Mini-Budget.
The Mini-Budget, a constitutional requirement outlining fiscal strategies and expenditure plans, has faced multiple delays, raising concerns about its impact on government operations.
Speaker of Parliament, Alban Bagbin, last adjourned the House after Finance Minister, Dr. Mohammed Amin Adam, missed the statutory deadline for submitting the budget.
Today’s session is expected to address this lapse, with Dr. Adam set to present the “Expenditure in Advance of Appropriation” for 2025.
The presentation is anticipated to highlight key areas such as revenue mobilization, expenditure priorities, and measures for fiscal consolidation.
The delayed presentation of the Mini-Budget has drawn criticisms with economic analysts expressing concerns over the lack of clarity in the government’s fiscal direction. With the economy facing significant challenges, including high public debt and fiscal deficits, the Mini-Budget is expected to provide crucial insights into government spending plans and strategies for achieving financial stability.
Stakeholders, including business leaders and economic analysts, will be closely monitoring today’s proceedings for indications of the government’s commitment to addressing Ghana’s fiscal challenges while fostering economic growth.
