The minority in Parliament has predicted there will be severe austerity, similar to the historical 1983 famine, next year due to the NPP government's poor management of the country's resources.
The MP's have in their verdict criticized the NPP government's management of the economy claiming it has failed to fulfill major promises.
At the budget review forum held Monday, the minority spokesperson on finance, Cassiel Ato Forson mentioned the One district- one factory, one constituency- one million dollars and the Free SHS policy as some of the failed promises in the 2107 budget.
He also chastised government's claim to create jobs saying, “How can you create jobs under severe austerity under fiscal consolidation? The budget deficit in IMF article 4 is projected to be 3.8 so ladies and gentlemen next year, let us be assured that there will be severe austerity equivalent to 1983. How can you create jobs when you have mandated the central bank pursue tight monetary policy? How can you create jobs when the when the real sector, the non-oil GDP, is projected to grow in 2018 almost at the same level as 2016?”.
The Minister of Finance, Ken Ofori- Atta will present the 2018 budget to Parliament on Wednesday, 15th November 2017. The budget as hinted by the Minister will focus on the creation of more jobs and a reduction in electricity tariffs.
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