The Director of Communications of the New Patriotic Party (NPP), Richard Ahiagbah, has condemned the opposition National Democratic Congress (NDC) for its constant criticism of the government.
He said the NDC was fond of criticising the government no matter the efforts being made to address economic challenges.
In a twitter post yesterday, Mr Ahiagbah said President Akufo-Addo was doing a lot to achieve fiscal balance.
According to him, the Finance Minister mentioned most of these efforts in the 2023 Mid-Year Budget Review, however, the NDC was engaged in propaganda.
“We have turned the corner, and are on the path to macroeconomic stability. The government is being fiscally disciplined. The mid-year budget reported an estimated GHȼ21 billion in expenditure cuts, but somehow the NDC has not talked about this key performance indicator,” he said.
He said “please inform the NDC about this significant cut in government expenditure, at mid-year, in case they missed that page. More is being done to achieve the desired fiscal balance to support growth. We are in it together so let’s work together to build back stronger & better.”
The Finance Minister, Ken Ofori-Atta in presenting the mid-year budget review in Parliament on Monday said the government was proposing a downward revision of the appropriation from GH¢227.7 billion as presented and approved in November 2022 to GH¢206 billion in line with Regulations 24 sub-regulation (3) of the Public Financial Management Act Regulations 2019 (L.I. 2378).
He explained that the country in the first six months of the year had seen improvements in tax revenue and was on course to meet its targets for the year, but oil revenues fell short of expectation due to changes in global prices.
“We will, therefore, undertake a downward review of expenditures to align with the underperformance of some of our revenue handles. This will impact the Annual Budget Funding Amount (ABFA) and, thus reduce the 2023 appropriation,” he added.
—Myjoyonline.com
