• Says it is working to achieve another in 2023 The Imo State Government, yesterday, provided insights on how it received more than $30 million (N21 billion) grant from the World Bank in a period spanning three years (2020, 2021 and 2022). The state Commissioner for Budget, Economic Planning and Statistics, Dr. Christopher Osuala, while […]
Government travel for the first three months of the 2022/2023 fiscal year is up by $2.3 million compared to the same period in the previous fiscal year, the Ministry of Finance reported last night. In its “Three Month Report on Budgetary Performance FY2022/23 July-September”, the ministry said the government spent $4.2 million on travel and
Hohoe Municipal Assembly misses 2021 revenue target of GH₵42 9million modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
The Hohoe Municipal Assembly in the Volta Region failed to meet its revenue target of GH₵42.9 million for 2021 as its total collection was GH₵12.16 million. The Assembly also had a decrease in revenue from the Internally Generated Fund (IGF), totaling GH₵1.24 million out of the budgeted estimate of GH₵1.76…
Deficit nears $900 million
Travis Cartwright-Carroll. Photo credit Kwasi Thompson, Bahamas Information Service (BIS).
NASSAU, The Bahamas The far-reaching economic cost arising from the COVID-19 pandemic and the “extraordinary increases” in expenditure to support social assistance programmes have led to a continued widening of the fiscal deficit to US $878.2 million in the first nine months of the current fiscal year, up from $251.3 million during the same period in the year prior, the Ministry of Finance reported on Wednesday.
Total revenue from July 2020 to March 2021 declined by an estimated $527.4 million (30 per cent) to $1.2 billion, the ministry’s Combined Nine Month Fiscal Snapshot and Report on Budgetary Performance also showed.