2023 Budget Will Delay Due To IMF Negotiations - Majority Leader | Politics

Majority Leader and Minister for Parliamentary Affairs, Osei Kyei-Mensah-Bonsu, has disclosed that the Minister of Finance, Ken Ofori-Atta, will be unable to current the 2023 price range earlier than the November 15 deadline.

According to him, the price range will belay as a result of the continuing International Monetary Fund (IMF) negotiation, which is probably going to not be accomplished on time, must be factored into it (the price range).

“As you do know, the Public Financial Act gives that the price range must be introduced to the House newest by (the) fifteenth of this month (November)
. The discussions which can be occurring now involving the IMF, I feel it's going to take just a little little bit of some time.

“My understanding is that it (the dialogue) will go into the primary few days of subsequent week, across the tenth or so. If that's the case, we then should strand out the conclusions and issue them into the price range.

“After we've got succeeded in doing that, as a result of it's a price range for government, it must go earlier than cupboard for some discussions, integration and possibly additions and subtractions earlier than it in the end involves Parliament.

“I believe it is going to be quite difficult to submit to the 15th (November)
deadline,” he mentioned whereas addressing the press at Parliament on Thursday, November 3, 2022.

Osei Kyei-Mensah-Bonsu, who can also be the Member of Parliament for Suame, additional acknowledged that presenting the price range to Parliament after the November 15 deadline won't be a breach of the 1992 Constitution.

Even although he didn't give a date for the presentation of the price range, he mentioned that the government would want “some space to be able to do a tidy work”.