| General News
[ 2016-07-25 ]
Finance Minister Seth Terkper Terkper to present supplementary budget today Finance Minister, Seth Terkper will today present
a mid- year budget review and a supplementary
budget to parliament.
The document is expected to give a breakdown on
the various timelines for implementing some
targets set out in the 2015, 2016 budget while
presenting an outlook of next year’s estimates.
By this, Seth Terkper will present government’s
performance on the achievement of key
macroeconomic indicators such are inflation, debt
consolidation, interest rates and employment
rates. In addition, the budget will indicate some
key economic areas in preparation of the 2017 to
2019 budgets.
As part of the targets that would be assessed,
government was expected to commence negotiating
with organized labour on salaries for 2017 in
April this year.
The move was to ensure that, government does not
go into 2017 with any expenditure that is not
approved by parliament.
Being an election year, the budget is expected to
also capture clearly how government intends to cut
down on unplanned expenditure to prevent budget
overruns like have been witnessed in election
years.
Also, Mr. Seth Terkper will be expected to
demonstrate how government plans to end the
electricity crisis which has come back in recent
times. Source - citifmonline.com
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