Home Technology Parliament approves GH¢6.3bn surplus expending

Parliament approves GH¢6.3bn surplus expending

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Parliament has accredited the Supplementary Appropriation Monthly bill 2020 to legalise government’s conclusion to expend GH¢6.37 billion additional than it had accepted for the 2019 fiscal yr.

Out of the total, GH¢5.1 billion was utilised to make payments
to Unbiased Power Producers and Linked get-togethers.

In accordance to a report by Parliament’s Finance Committee, the more expenditure grew to become vital as a result of liabilities in the electricity sector in respect of get-or-fork out agreement obligations with independent ability producer.

The relaxation of the cash ended up utilized in direction of interest payments
as effectively as an upward adjustment in items and services expenditure for the 2019
monetary 12 months.

In December 2018, Parliament accredited the Appropriation Invoice to permit for government to commit GH¢73 billion in the 2019 fiscal yr.

On July 29, 2019, the Finance Minister briefed Parliament that governing administration will invest GH¢6.37 billion a lot more for the function of giving extra funding to pay out for the fore-stated expenditures.

The Supplementary Appropriation Bill 2020 authorized on Friday
evening provides legal backing for the more withdrawal of sums from the
consolidated fund to fulfill people expenditures.

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