2019 Budget: Govt to spend GH¢73.4bn in 2019

The Finance Minister, Mr Ken Ofori-Atta, has requested Parliament’s approval for the government to spend a total of GH¢73.4 billion in 2019.

The total expenditure estimate, which is inclusive of clearance of arrears is equivalent to 21.3 per cent of total economic output, measured by gross domestic product (GDP).

Giving a breakdown, the minister said some GH¢19.4 billion, representing about 26.5 per cent of total expenditure, will be expended on wages and salaries

He said the wage bill is anticipated to reduce to 5.6 per cent of GDP from the 5.9 per cent projected outturn for 2018.

Goods and Services will also consume some GH¢6.3 billion while some GH¢18.6 billion will be spent on interest payments of public debt.

Source: Graphic Online

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.