The importance of the budget statement and economic policy for the 2024 fiscal year has been emphasized by Speaker of the House Alban Bagbin.
He clarified that because it complies with the terms of the government’s agreement with the International Monetary Fund (IMF), his budget is especially significant.
Bagbin mentioned that on Wednesday, November 15, 2023, the Finance Minister, Ken Ofori-Atta, will deliver the budget to the legislature and clarify the conditions of the agreement with the IMF.
He underlined the necessity for specialists and professionals to help understand the recommendations and to offer further data and options for well-informed consideration and decision-making.
“This budget is a critical budget as it is coming after the government entered into an agreement with the IMF,’’ Speaker Bagbin noted in his submission, which was monitored by 1Family Radio.
“Most of the terms of agreement, I believe, are unknown to the members seated here. It is critical that we get the usual professionals and experts to assist us in digesting proposals in the budget to give us more information and more alternatives for us to deliberate and take a decision on the budget. That is why it is a critical post-budget workshop,’’ he added.
In order to address the issues facing the economy, there have been calls for the government to significantly reduce spending prior to the finance minister’s presentation.