{"id":460997,"date":"2011-07-14T14:26:41","date_gmt":"2011-07-14T14:26:41","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/14\/government-asks-for-gh%c2%a21463123559-as-supplementary-budget\/"},"modified":"2011-07-14T14:26:41","modified_gmt":"2011-07-14T14:26:41","slug":"government-asks-for-gh%c2%a21463123559-as-supplementary-budget","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/14\/government-asks-for-gh%c2%a21463123559-as-supplementary-budget\/","title":{"rendered":"Government asks for GH\u00a21,463,123,559 as supplementary budget"},"content":{"rendered":"
\n

\"FinanceFinance Minister Dr. Kwabena Duffour has asked Parliament to approve an amount of GH\u00a21,463,123,559 as supplementary budget for the government for 2011.<\/p>\n

The Minister is in parliament to present the Mid-Year Review of the 2011 Budget Statement and Economic Policy as well as Supplementary Estimates of the Government of Ghana for the 2011 Financial Year.<\/p>\n

He recalled that the 2011 Budget Statement and Economic Policy he presented in November 2010 to the House, was based on actual data for three quarters of the year with the fourth quarter based on estimates.<\/p>\n

He said developments since then both in the domestic and global environments have necessitated some variations in the assumptions underlying the 2011 Budget Statement and Economic Policy.<\/p>\n

\u201cNotable among these are the following, Madam Speaker; the passage of the Petroleum Revenue Management Act, (Act 815). Key provisions in the law, Madam Speaker, have direct implications for the estimation of the benchmark revenue; determination of the annual budget founding amount, and transfer of funds into the Ghana Petroleum Funds Account.<\/p>\n

\u201cThe passage and implementation of the Act, coupled with increases in crude oil price on the world market and production volumes have made upward adjustment in revenue projections.<\/p>\n

\u201cTwo, the receipt of two major inflows from the World Bank, and the sales of AngloGold shares in lieu of royalties expected in 2010, were realised in the first quarter of 2011,<\/p>\n

\u201cAnd the last but not the least, increased revenue collections from tax administrative measures.\u201d<\/p>\n

Source: Myjoyonline.com<\/p>\n

<\/p>\n

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Add this page to your favorite Social Bookmarking websites\n<\/p><\/div>\n<\/div>\n

Read the rest here: <\/p>\n","protected":false},"excerpt":{"rendered":"

Finance Minister Dr. Kwabena Duffour has asked Parliament to approve an amount of GH\u00a21,463,123,559 as supplementary budget for the government for 2011. The Minister is in parliament to present the Mid-Year Review of the 2011 Budget Statement and Economic Policy as well as Supplementary Estimates of the Government of Ghana for the 2011 Financial Year. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-460997","post","type-post","status-publish","format-standard"],"yoast_head":"\nGovernment asks for GH\u00a21,463,123,559 as supplementary budget - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/07\/14\/government-asks-for-gh\u00a21463123559-as-supplementary-budget\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Government asks for GH\u00a21,463,123,559 as supplementary budget - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Finance Minister Dr. Kwabena Duffour has asked Parliament to approve an amount of GH\u00a21,463,123,559 as supplementary budget for the government for 2011. 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