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Parliament approves 2008 budget
Accra, Dec. 5, Ghanadot/GNA - Parliament on Wednesday
approved the financial policy of the government for the
fiscal year ending December 31, 2008.
The house is also expected to scrutinize and approve the
financial estimates of ministries, departments and agencies
(MDAs) before it rises.
Parliamentary committees are however expected to go through
these estimates and make inputs and give recommendations
before the estimates are approved.
Parliament also approved, through a resolution, a 10
million-euro loan facility agreement between the government
and Germany under the multi-donor budget support programme.
Mr Nii Adu Daku Mante, Chairman of the Finance Committee,
said the facility, which is part of the donor community
support, would help in the implementation of the country's
Growth and Poverty Reduction Strategy programme.
He said the facility had a 30-year repayment period and an
interest rate of 0.75 per cent.
Mr P.C. Appiah-Ofori, (NPP-Asikuma/Odoben/Brakwa), who
seconded a motion for the approval of the loan, said
government had budgeted for 54 trillion cedis to support the
2007 budget but the revenue agencies had brought in 30
trillion cedis leaving a shortfall of 24 trillion cedis.
He said the 10 million euro had come in to help address the
shortfall.
GNA
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