Pulse.com.gh logo
Go


2016 Budget 5 highlights from Seth Terkper's budget statement

Below are five highlights from the address:

  • Published:

True to word, Finance Minister, Seth Terkper went to parliament on Wednesday morning to deliver the 2016 Budget and Financial Statement for the 2016 and 2017 years.

Below are five highlights from the address:

1. Total Revenue targets for 2016 is GHC38 billion.

This includes total oil revenue, taxes, and grants.

While, non-oil  total revenue forcast is 36 billion Ghana Cedis. This will be an 18.2 percent increase over 2015's total revenues.

2.Total debt has been put at 92.2 billion Ghana Cedis (29 billion dollars).

It is  a 23 billion Ghana  Cedis increase from December 2014's 79.6 billion dollars ( 24 billon dollars),

3. Total expenditures for 2016 is projected at 47 billion Ghana Cedis.

 This represents an18 percent of Gross Domestic Product, and a 13 percent increase on 2015's total expenditures.

4. Government will look to domestic and international markes to plug gap in total revenue and expenditure gaps.

A careful look at the two figures shows a financing gap or deficit of 9 billion Ghana Cedis. This is the money government will be looking to the domestic and international capital markets for.

5. Government will relaunch the  National Identification Project.

This has been necessitated by challenges affecting citizen identification as exposed by the impasse over the authenticity of the electronic

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
3 Education Top 5 private high schools in Ghana according to WAECbullet
4 Breaking Otabil finally breaks silence on banking controversiesbullet
5 Tax Policy Gov't weighs in on controversial MoMo taxbullet
6 Incompetence Otabil wasn't qualified to be Capital Bank Board...bullet
7 Banking Crises Joe Jackson urges BoG to ‘rate’ banks to...bullet
8 Promo Glo introduces Yakata, Ghana’s most exciting...bullet
9 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
10 uniBank Takeover Meet all the Unibank Executives who...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Former Capital Bank staff grills pork for survivalbullet
5 Support Finance minister buys Kantanka carbullet
6 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 Video We are determined to move Ghana beyond aid - Bawumiabullet
9 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet

Business