Government fell short of 2017 revenue target by 9.3%

By Kwabena Owusu-Ampratwum

The Finance Minister Ken Ofori Atta has disclosed government fell short of its revenue target in 2017 by 9.3%.

Presenting the Budget to parliament he said total Revenue and Grants for the period amounted to GH¢28,429.2 million, equivalent to 14.1 percent of GDP compared to a target of GH¢31,346.4  million (15.5 percent of GDP).

He said in spite of the outturn of 9.3 percent below the budgeted target, it represents an annual growth of 16.2 percent compared to 4.1 percent during the same period in 2016.

The budget deficit has been a major point raised by the opposition NDC which has asked government to reintroduce some taxes it abolished in order to meet its target.