The overruns totalled more than GH¢10.6 billion
Twenty Ministries, Departments and Agencies overran their budgets by GH¢10,681,060,554 in 2019, the Auditor-General has observed in its report.
The Appropriation Act, 2018 (Act 984) sets budget limits that require MDAs to keep their expenditure within their appropriation.
However, the Auditor-General’s report said: “Our review of the accounts of 20 MDAs revealed excess expenditures of their goods and services, compensation, and non-financial assets over the revised budget allocation by a total of GH¢2,192,903,767, GH¢5,730,944,462, and GH¢2,757,212,325, respectively”.
It said though Controller and Accountant General (CAGD) argued that the overruns were due to “reallocation of the budget at the entity level and utilisation of [Internally-Generated Funds] (IGF) and other funds, they could not provide any evidence from the Ministry of Finance to corroborate their position”.
To minimise the risk of budget overruns, the Auditor-General urged the CAGD “to ensure strict compliance with the provisions of the PFM Act”.
- Know how you would be affected by the ‘new’ foreign income tax
- Here is how you would be affected by the 'new' foreign income tax
- Mahama compares his Green Book to Akufo-Addo’s ‘toilet full’ Performance Tracker
- ‘Akufo-Addo was like a judicial terrorist between 1991 and 2000’ – Dafeamekpor
- ‘The Akufo-Addo/Bawumia administration is the biggest political scam in the 4th Republic' – Mahama
- Read all related articles
