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Business News of Thursday, 28 February 2013

Source: Joy Online

2013 Budget to be presented on March 5

The 2013 budget is expected to be presented to parliament on Tuesday, March 5, 2013.

Information gathered indicates that this is the date the Ministry of Finance and parliament has settled on.

The budget is expected to focus on massive infrastructure development, stabilizing economy and accelerating growth.

Government since the beginning this year has been working with estimate or an "interim budget" which made available GHc6 billion to take care of its expenditure for January to March this year.

This covered interest payments, compensation of employees, statutory payments and subsidies.

The "interim estimates" or accounts is a temporary provision to ensure that government business does not grind to a halt, until the 2013 budget is presented to parliament and approved.