Parliament Discussion On 2022 Budget To Commence November 23 2021
Deliberation on the 2022 budget read by the finance minister on November 17 2021 begins on Tuesday November 23, 2021 and end on Friday the 26th of November.
The Minister for Finance last Wednesday presented the 2022 budget to Parliament announcing various plans and programs on how government intends to shore-up revenue and to enhance job creation in the 2022 fiscal year.
The budget statement among other things stated that government intends to raise revenue through the imposition of 1.75% levy on all electronic transactions.
There’s also a 15 percent increment in the cost of all government services effective next year.
The Minister for Finance also announced the commencement of a GHS 1 billion ‘YouStart’ initiative to boost job creation for the youth.
While the majority caucus believes that the budget reflects the needs of Ghanaians and necessary measures relevant for stimulating growth in the economy, the minority caucus says the budget will lead to untold hardship on the already suffering masses.
The Minority Leader, Haruna Iddrisu, has also reiterated that the caucus will kick against the 1.75% e-levy.
According to him, the tax is a disincentive to investments and private sector development.
Our concern is whether the e-levy itself will not be a disincentive to the growth of a digital economy in our country. We are convinced that the e-levy may as well even be a disincentive to investments and private sector development in our country… We in the Minority will not support government with the introduction of that e-levy. We are unable to build national consensus on that particular matter,” he said at the post-budget workshop in Ho on Saturday.
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