{"id":1035,"date":"2022-12-22T21:28:00","date_gmt":"2022-12-22T21:28:00","guid":{"rendered":"https:\/\/ghnewsbay.com\/?p=1035"},"modified":"2022-12-22T21:28:00","modified_gmt":"2022-12-22T21:28:00","slug":"parliament-gives-finance-minister-green-light-to-spend-gh%c2%a2227-8-billion-from-consolidated-fund-in-2023","status":"publish","type":"post","link":"https:\/\/ghnewsbay.com\/?p=1035","title":{"rendered":"Parliament gives Finance Minister green light to spend GH\u00a2227.8 billion from Consolidated Fund in 2023"},"content":{"rendered":"

\"Parliament<\/p>\n

<\/div>\n
\n

Parliament has approved the Appropriation Bill, 2022, to provide for the withdrawal of sums of money necessary to meet the government expenditure for the 2023 financial year.<\/h2>\n

The bill will allow the Minister of Finance to take a total of GH\u00a2227.8 billion from the Consolidated Fund and other public fund and for related matters.<\/p>\n

The bill was considered by the House under a certificate of urgency and was approved on Thursday dawn after members had spent all night debating.<\/p>\n

Per a memorandum accompanying the Bill, the government is to expend GH\u00a2<\/span>45.5 billion to pay wages and salaries, GH\u00a2<\/span>39.26 billion for pensions, GH\u00a2<\/span>1.85 billion for gratuities, and GH\u00a2<\/span>3.95 billion for social security.<\/p>\n

A total of GH\u00a2<\/span>8.57 billion will be spent on use of goods and services, GH\u00a2<\/span>3.70 billion on annual budget funding amount (use of goods and services), GH\u00a2<\/span>52 billion on interest payments, comprising GH\u00a2<\/span>31.29 billion to be expended on domestic debt and GH\u00a2<\/span>21.25 billion on external debt.<\/p>\n

The government is to also spend GH\u00a2<\/span>350.54 million on subsidies on petroleum products<\/p>\n