The Deputy Minority Leader in Parliament, Domomic Nitiwul has criticized the Minister of Finance, Seth Terkper’s 2016 midyear budget presentation, saying he deviated.
Speaking to Citi News’ Vivan Kai Lokko after the Minister’s presentation, Mr. Nitiwul said though the Minister was expected to touch on various challenges facing the economy and the way forward, he rather focused on various campaign projects government is undertaking.
“The areas we thought that government will be looking at the pressing issues, the energy issues. We want to know what government will have to do to assure the people of Ghana that between now and the end of the year how you will resolve that problem… You wake up and you have 12 hours of lights off..where are you getting get the resources to buy crude?”
Gov’t is broke
Highlighting some challenges facing the economy, Mr. Nitiwul reiterated that government is broke as a result of constantly borrowing from international donors.
“There is no money.. The biggest problem this government is facing is that we have over borrowed. We overestimated the amount of money we will get from crude and we kept on borrowing but we are only getting very minimal revenue from crude today and we are faced with the stuck reality of paying interest loan which has become the second biggest item on the budget.”
The Minister on Monday presented the 2016 supplementary budget to Parliament.
The presentation, which highlighted government’s fiscal plans for the remaining six months of 2016, also emphasized government’s plans to deal with the budget deficit and overruns.