![](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/11\/Prof-Peter-Quartey.jpg\")
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Director of the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has suggested some fiscal measures to be included in the 2023 budget to help shore up revenue for the government.<\/p>\n
According to the Economist, the country\u2019s fiscal space is currently in a bad state, thus would need innovative revenue measures to stabilize the economy.<\/p>\n
Speaking on Joy Business\u2019 Pre-Budget Forum<\/strong> on Monday, Prof. Peter Quartey urged the government to reduce its appointees and use the savings to fund the 2023 budget.<\/p>\n \u201cGovernment said it is going to pursue an austere budget\u2026I expect a step further. I think there should be a reduction in the number of government appointees and how much is spent on them and many other areas, it would go a long way to help streamline our fiscal position,\u201d he told Winston Amoah.<\/p>\n With regard to revenue generation, Prof. Peter Quartey commended the Ghana Revenue Authority for its recent initiative of the E-VAT Invoicing system.<\/p>\n The Authority had said the E-VAT Invoicing system will help it monitor the issuance of VAT by companies and will also deal with the inaccuracies associated with the filing of VAT by companies.<\/p>\n The ISSER Director believes that the 2023 budget should introduce more of such policies to maximize the country\u2019s revenue generation.<\/p>\n \u201cWe want to see more of that and I think it is a step in the right direction. We need to enforce that and raise our revenue upstream and so these are some of the innovative measures that we want to see that we aggressively pursue our revenue mobilisation without destroying the base,\u201d he added.<\/p>\n Meanwhile, the 2023 Budget may not be read on November 15 as scheduled.<\/p>\n Majority Leader Osei Kyei-Mensah-Bonsu revealed that the negotiations with the International Monetary Fund (IMF) may delay the presentation.<\/p>\n \u201cNothing should be done which will eventually become wishy-washy. They want to have the best to be able to uplift us from where we are as a country. And that being the case, if we want to do a thorough job, I think there will be too much pressure if it has to be done on the 15th,\u201d the MP told journalists last week.<\/p>\n DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Director of the Institute of Statistical, Social and Economic Research (ISSER), Prof. Peter Quartey has suggested some fiscal measures to be included in the 2023 budget to help shore up revenue for the government. According to the Economist, the country\u2019s fiscal space is currently in a bad state, thus would need innovative revenue measures to […]<\/p>\n","protected":false},"author":1,"featured_media":1246158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6581,4586,1561,6641,1090,3986,2280,2281],"class_list":["post-1246156","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-appointees","tag-budget","tag-cut","tag-expect","tag-government","tag-peter","tag-prof","tag-quartey"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1246156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1246156"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1246156\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1246156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1246156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1246156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}