May 25,2023

MANAGERIAL LEVEL DISCUSSIONS ON CHALLENGES THAT AFFECT THE PREPARATION OF THE ANNUAL BUDGET OF THE BUDGET PLANNING COMMITTEE OF THE TEMA WEST MUNICIPAL ASSEMBLY.

A team of financial experts from the Ministry of Local Government on Wednesday, the 24th day of May, 2023 at 3pm held a brief meeting that aims to address key challenges the Budget Planning Committee faces in preparation of the Annual Expenditure and Budget of the Municipal Assembly.

Mr Caster; Deputy Coordinating Director did the introduction and announced the purpose of gathering.

Heads and representatives from all departments in the municipal assembly were present to share their concerns and the key challenges they face as a department in the process of preparing their annual expenditure budget.

TThe financial team from the Ministry of Local Government asked probing questions based on the answers provided on the questionnaires they presented to the Budget Team of the Municipal Assembly. This were reliable data that can help provide solutions to some if not all of the challenges the Budget Planning Committee is facing.

Some challenges where late or inadequate allocation of funds from either IGF of Common Funds.

Mr Caster also mentioned that, sometimes funds may not be the issue but inaccessibility of data from either internal or external governmental bodies is a major challenge.

Mr So so and so, a team member from the Ministry of Local Government stressed on how important and effective on timely release of data can improve the productivity of the Municipal Assembly.

It was reckoned that the Municipal Assembly has some debt deficit in the IGF finances and zero to nothing in the the Common Fund.

It was stressed that early and effective preparation and implementation of the annual expenditure budget, can significantly increase the revenue margins as it is seen previous years.

It was stressed that early and effective preparation and implementation of the annual expenditure budget, can significantly increase the revenue margins as it is seen previous years.

Today’s discussion is a streamlined approach that will significantly affect the preparation and performance of the annual budget and the revenue generations streams respectively.

This discussion ended on highlighting on many of the solutions to some of this issues affecting the preparation of the Municipal Assembly’s annual budget.

Source: TWMA/PRO