NDC Member of Parliament for Bolgatanga Central, Isaac Adongo, has requested his colleague within the August Home, the NPP MP for Obuasi West, Kweku Kwarteng, to channel his advise to chop expenditure to the Govt arm of his authorities.
In keeping with him, if the NPP MP is ready to persuade President Nana Akufo-Addo to cease renting luxurious personal jets for his official and unofficial visits to save lots of the nation some cash then parliament might be requested to do identical.
Talking on Okay FM’s ‘Ade Akye Abia’ Programme, Isaac Adongo, who can also be a member of the finance committee of parliament, expalined that he was slightly bit confused as to why the Chairman of the Finance committee will attempt to blame the extreme use of public funds on different state establishments than his personal authorities, particularly the president who’ve determined to journey in consolation and grandeur on the expense of the poor tax payer.
“The economic system is crumbling beneath the NPP authorities. Expenditure over time is approach over board they usually haven’t been capable of give a correct account of how a lot has been appropriated. Parliament over time has accredited way more in excesses of hundreds of thousands of Ghana cedis for the federal government they usually have squandered it with out even coming to parliament to provide correct account of how these monies have been spent”.
“Have a look at the presidential travels alone, these monies spent may have been used to offer extra infrastructure for some faculties in my constituency and the nation at giant, so for those who assume there’s a lot spending happening in different state establishments and you’re feeling that must be decreased, I feel you need to inform your president first,” he famous.
Bearing on the finances, he stated as a lot as 103% of the nation’s tax income is at present used to service curiosity on loans, a state of affairs that doesn’t augur nicely for improvement.
“Proper now as a rustic, we’ve come to some extent the place we are able to now not handle the narrative however handle the economic system. There are issues with the wage invoice which has now grow to be the quantity two most vital merchandise of expenditure.”
State Establishments Should Reduce Expenditure – Kwaku Kwarteng
Former Deputy Finance Minister, Kwaku Kwarteng, earlier this week, urged state establishments to chop spending on pointless expenditure to save lots of the federal government purse.
He says the energy of the economic system relies upon closely on authorities’s expenditure particularly the state establishments who usually over spend their finances.
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