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Serious Efforts Being Made Towards Establishment of Budget And Fiscal Analysis Office of Parliament - First Deputy Speaker

Serious Efforts Being Made Towards Establishment of Budget And Fiscal Analysis Office of Parliament - First Deputy Speaker
The Speaker of Parliament and Leadership of the House are taking steps to realise the setting up of the Budget and Fiscal Analysis Office of Parliament.

The Budget and Fiscal Analysis Office will among other functions support members of Parliament with daily updates and analysis on the economy and the financial economic transactions of the government to ensure that Parliament discharges its constitutional obligations efficiently and effectively with regard to financial oversight of government .

The First Deputy Speaker of Parliament and MP for Bekwai Hon Joseph Osei Owusu made this known at the post budget workshop for Members of Parliament in Koforidua.

Another role of the Office of Budget and Fiscal Analysis is to support the proposed Committee on Economy which is expected to be set up by Parliament after reviewing its Standing Orders.

The Committee on Economy according to Hon Joseph Osei Owusu will serve as an oversight mechanism for monitoring the economy and fiscal performance of government.

He said the World Bank has therefore pledged an amount of US$200, 000 to support the recruitment of Economists and acquire ICT infrastructure to enable the Office of Budget and Fiscal Analysis commence operation .
Original Story on: PeaceFMOnline
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