In November 2015, Parliament approved the Budget Statement and Economic Policy of Government for fiscal year 2016. Total revenue and grants was estimated at GH¢38,038.00 million out of which domestic revenue was GH¢36,430.00 million and grants totaled GH¢1,608.00 million.
Total expenditure (including arrears) on the other hand was GH¢46,446.00 million.
As part of the Mid-year review that was presented to Parliament in July this year, total revenue and grants revised downwards to GH¢37,889.00 million. Likewise, total expenditure was revised to downwards to GH¢46,297.00 million.