Home Business We’ve recorded positive primary balance for the first time in 10 years...

We’ve recorded positive primary balance for the first time in 10 years – Bawumia

662
8

Vice-President Dr Mahamudu Bawumia has said the President Nana Addo Dankwa Akufo-Addo-led government has for two years in a row achieved a positive primary balance, the first in 10 years.

Primary Balance Dr Bawumia explained as tax revenue exceeding all government expenditure excluding debt service payment.

Speaking at an Economic Management Team Town Hall meeting at the College of Physicians and Surgeons in Accra on Wednesday, 3 April 2019, Dr Bawumia said the primary balance was in a surplus of 0.5 per cent of GDP in 2017 and 1.4 per cent in 2018 compared to a deficit of 1.1 per cent to GDP in 2016.

He explained that a positive primary balance is important because it means “a slowing down of debt accumulation”.

To maintain fiscal discipline, Dr Bawumia said the government has for the first time in the country’s history passed a law – the Fiscal Responsibility Act – that limits the fiscal deficits in any year to a maximum of 5 per cent to GDP and requires by law a positive primary balance.

“In addition, a Fiscal Council has been established to provide oversight and advise in the implementation of fiscal policies,” he added.

The town hall meeting is on the theme: “Our progress, our status, our future”.

Source: Classfmonline


8 COMMENTS

  1. como funciona lance livre consorcio honda consorcio de carros bradesco consorcio de carros porto seguro consorcio de carros mais em conta como funciona consorcio de carros volkswagen consorcio banco do brasil veiculos simulacao consorcio chevrolet onix 2019 consorcios de carros fiat consorcio de autos santander consorcio honda fit 2017.

  2. consorcio itau simulador motos consorcio de imovel banco santander caixa economica consorcio imoveis simulador consorcio imovel bradesco vale a pena consorcio de imoveis itau simulador consorcio imobiliario caixa simulador consorcio imovel porto seguro consorcio imobiliario magazine luiza reclame aqui consorcio imoveis banco do brasil consorcio imobiliario santander tabela consorcio imovel caixa simulacao consorcio imovel banco santander.

  3. carta de credito caminhao consorcio carta de credito caminhao consorcio para maquinas pesadas consorcio de maquinas agricolas usadas consorcio bradesco veiculos pesados consorcio de caminhao rodobens consorcio de caminhao banco do brasil consorcio de caminhoes usados em goiania carta de credito de caminhao carta credito automoveis pesados consorcio de automovel pesados consorcio volvo caminhoes contemplados consorcio de caminhao contemplado a venda consorcio de veiculo pesado.

  4. consorcio de veiculo de luxo carta credito de carros de luxo carta credito de carros de luxo carta credito de veiculo de luxo carta credito de automoveis de luxo consorcios de carros de luxo consorcios de carro de luxo carta de credito de carro de luxo carta credito de automoveis de luxo carta credito de veiculo de luxo cartas credito de carros de luxo consorcio de automovel de luxo carta credito de carro de luxo cartas de credito de carros de luxo carta credito de veiculo de luxo cartas de credito de carro de luxo.

  5. consorcio de imoveis bb consorcio para reforma de imovel bradesco carta de credito imovel contemplada londrina consorcio imovel porto seguro vale a pena consorcio imobiliario bb simulador consorcio imobiliario caixa economica federal consorcio imobiliario itau telefone consorcio para reforma de imovel bradesco Consorcio de imoveis consorcio imobiliario bb simulacao consorcio imobiliario bb consorcio contemplado de imoveis banco do brasil.

  6. consorcio sicredi imoveis reclame aqui consorcio imobiliario caixa economica simulador consorcio imobiliario simulador caixa reclame aqui consorcio rodobens imoveis consorcio de imoveis pelo banco do brasil consorcio imobiliario bradesco telefone consorcio imovel magazine luiza consorcio para reforma de imovel bradesco consorcio de imovel caixa simulacao consorcio imobiliario bb simulacao consorcio imobiliario contemplado londrina consorcio imovel banco do brasil simulador.

LEAVE A REPLY

Please enter your comment!
Please enter your name here