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“The burden is too heavy to carry to add more taxes.
I’m sure the people will not accept it,” he observed.
It is also expected to contain an analysis of the total revenue, expenditure and financing performance for a period up to the first six months of the financial year, as well as a presentation of a revised budget outlook for the medium-term fiscal expenditure framework, if and where necessary.
The NPP Member of Parliament (MP) for Ofoase-Ayirebi, Mr Kojo Oppong Nkrumah, is of the view that Ghanaians will rally behind any plans by the government to raise revenue.
Related Rooms: Teen Chat | Gay Teen Chat We understand how important it is to connect with others who have similar interests and experiences.Financial Management Administration Act The Financial Management Administration Act requires the Finance Minister to, not later than July 31, prepare and submit to Parliament a Mid-Year Fiscal Policy review.This often allows the Finance Minister the opportunity to review the targets set in the budget.There are also hints of increased social security (SSNIT) contributions to the NHIS, as well as a Financial Service Tax.The government is also likely to increase VAT from 17.5 to 21 per cent in the mid-year budget set to be presented to Parliament next Thursday.