The outright rejection of the 2022 budget has been the focal point of many discussions since yesterday, and it appears everyone is making efforts to understand it in their own little way.
One interesting thing virtually every Ghanaian was watching out for, was the introduction of the E-Levy in the new budget. It has been kicked against and talked about ever since it was intended to be introduced in the 2022 budget, the budget which has been rejected by parliament in their last sitting.
The current rejection of the 2022 budget will mean primarily that the government machinery may come to a standstill in 2022, because there are no approved revenues or expenditures for the government to spend on expenditures such as road, schools and hospital construction, payment of salaries for government workers and provision of other critical services by the government.
The rejection of the budget also mean that, the introduction of the E-Levy, which would only come into effect after the budget has been approved by parliament will be non existence, as well as other new initiatives and policies of the government.
Reportedly, the basis of the rejection by parliament included the introduction of the E-Levy and exclusion of certain key projects, like the Keta Sea Defense Projects, which was a matter of urgency for the nation.
However, the rejection of the budget will also afford the finance minister another chance to revisit and if necessary, revise the budget to at best, address the issues sighted for its rejection.
Until a budget is approved, the much dreaded E-Levy would have to wait.
Content created and supplied by: MissChris (via Opera News )
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