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Unique features of the 2020 Budget Statement and Economic Policy

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Want to know why the 2020 Budget Statement And Economic Policy is both unique and critical in various ways?

According to the Finance Minister Ken Ofori-Atta, these points below make the 2020 Budget Statement critical:

  • It is an election year budget.
  • It is the first since 2015, to be done without and the International Monetary Fund (IMF) programme because of the completion of the derailed IMF programme in April 2018.
  • It is the first election year budget to be prepared under the Fiscal Responsibility Act (2018), which places a 5 per cent cap on fiscal deficit in any given year

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