Minister for Finance Ken Ofori-Atta, on Wednesday, October 28, 2020 will be presenting before Parliament the Expenditure in Advance of Appropriation Budget.
The presentation of the budget by the Finance Minister, deviates from the conventional budget presentation done in November for the next fiscal year – January to December.
This is a standard practice during election years and it is to prevent transitional challenges in the smooth running of Government for the first three months in the year after elections.
The budget will cover Government’s spending for the first quarter of 2021.
Government in July this year, presented a revised budget statement to Parliament for approval of an additional Ghs 11.8 billion to support expenditure for the rest of 2020.
This was because Government’s projections for the 2020 financial year had been severely affected by the economic implications of the Coronavirus pandemic.
