Ken Ofori Atta, Minister of Finance is expected to present the 2022 budget statement in Parliament on Wednesday, November 17th.
The budget is said to focus on enlisting measures on job creation and moves to support the youth in the country.
The Dean of the Business School at the University of Cape Coast, Prof. Gatsi in an interview on Tv3 ahead of the budget he said, “Definitely if you are talking about a huge deficit you want to ensure that you achieve fiscal consolidation.
He added that “Tax alignment is the solution but as to whether the alignment will respond to the reality of the grounds is another thing. So definitely there will be tax alignment in the budget.
“The net effect of that alignment will be an increase in taxes because you will want to achieve fiscal consolidation so that is expected.”
However, the minority leader in Parliament, Muntaka Mubarak has threatened not to approve the budget if the finance minister refuses to show how the 2021 budget was spent.