2025 Budget: Minority Pledges to Oppose New Taxes and Increases
The Minority in Parliament has declared its strong opposition to any proposed new taxes or tax increments in the 2025 budget, vowing to resist measures they believe will further burden Ghanaians and businesses.
According to Minority leaders, the government’s continued reliance on increased taxation to generate revenue is unsustainable and detrimental to economic growth. They argue that excessive taxation could stifle businesses, reduce disposable income, and worsen the financial strain on ordinary citizens.
Call for Alternative Revenue Strategies
Instead of introducing new taxes, the Minority has urged the government to focus on improving tax compliance, cutting wasteful expenditures, and leveraging innovative economic policies to boost revenue generation. They emphasize the need for prudent fiscal management and accountability in public spending.
Government’s Position and Public Reaction
The government is expected to defend its fiscal policies by highlighting the need to raise revenue for essential infrastructure projects and social programs. However, with economic hardship already affecting many Ghanaians, any move to introduce new taxes could spark widespread public backlash.
Intense Parliamentary Debate Anticipated
As discussions on the 2025 budget approach, an intense debate is expected in Parliament, with the Minority preparing to challenge any fiscal policies they deem unfair. The outcome of these deliberations will be critical in shaping Ghana’s economic trajectory for the coming year.
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