Revenue Budget Summary 2020
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Revenue budget summary 2020. New medical investment incentive the existing package will be repealed and replaced with the following. 2020 financial year presented to parliament on wednesday 13th november 2019 by. 2020 21 governor s budget general fund revenue forecast figure compares the. Tax credits the above exemption limits increase by 575 for each of tax credit 2019 2020 single person 1 650 1 650.
Children young people 126 590 140 507 adult social care public health 203 743 210 040. Government revenue and spending from oct. The projected increase since the 2019 budget act is due largely to an. Budget summary 2020 the following are details of the budget statement of 8 october 2019 as made by the minister for finance and public expenditure and reform.
The minister for finance and public expenditure and reform announced the following changes in his budget speech on 8 october 2019. Budget 2020 summary leaflet. Summary of central government revenues grants 2018 2019 indicators q1 in gh q3 mn revised 2018 2019 outturn budget budget q1 q3 prog. Approved by the people s majlis.
Revenue including transfers is expected to be 146 billion in 2019 20 and 152 billion in 2020 21. The fiscal year fy 2020 federal budget outlines u s. Revenue budget summary 2020 21 2019 20 2020 21 original annual budget budget 000 000 committee. Revenue was 3 42 trillion less than the 6 55 trillion in spending creating a record 3 13 trillion deficit.
Income tax the tax credits and tax bands changes are in bold. Revenue forecasts by source in the 2019 budget act and the governor s budget. Revenue grants. This tax deduction will be further extended until 31 december 2021.
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