Former Deputy Finance Minister and Member of Parliament for Obuasi West, Kwaku Kwarteng, has urged state institutions to cut spending on unnecessary expenditure to save the government purse.
He says the strength of the economy depends heavily on government's expenditure especially the state institutions who normally over spend their budget.
Speaking on Okay FM's 'Ade Akye Abia' programme, he explained that there are a lot of unnecessary spending going on in government institutions which needs to be reduced.
"As a country, we need to implement pragmatic measures and ensure that the public purse is saved from excessive borrowing and maintain a stable economy.
“The proposition that government should cut expenditure is what you clearly see in this budget. The total expenditure programme has been underspent under this budget. These are some of the observations we should begin to make that goods and services are lower than programmed," he said.
"I see clearly in this budget an attempt by the government to signal to investors into this economy that going forward we will protect the fiscal. I think there should be an indication to everybody including our colleagues in the Minority to engage with that question . . . we are seeing expenditure rationalization in the budget,” he stressed.
Watch video below
Source: Isaac Kwame Owusu/Peacefmonline/[email protected]
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Kwaku I hhate to hear his. Its long overdue. What at all is Kusi Boafo and his team doing at Public Sector Reforms to cut govt expenditure. I find them as incompetent to effect major reforms at state institutions. Without a major radical move to reduce excessive state spending this country cannot surge forward.
Kwaku - This must go to your ministers to ensure the judicious use of our monies. Remember a minister lamenting about payment worth millions of dollars from his ministry which he had no idea of. Even if directors have a cap, their cap spending must be reported on to the minister. Don't the ministries engage in leadership weekly briefings? I think leaders of our state institutions are lazy or they've chosen to be inept because the resources don't come from their pockets.