By Kofi AHOVI Based on projected revenues and expenditures up to the end of the 2010 fiscal year, government has projected a fiscal deficit for the full year to be GH¢2.51billion, equivalent to 9.7% of Gross Domestic Product (GDP). The projected higher than originally expected fiscal deficit is mainly as a result of the projected higher disbursement of project loans from the country’s development partners than was earlier estimated. Provisional data on the implementation of the budget for the first three quarters of 2010 indicate that revenues were below the budget target by 1.8%. On the other hand, expenditures were higher than estimated by 8.0%. Given the performance of revenues and expenditures for the same period, the overall budget balance showed a deficit of GH¢2.3 million. This is equivalent to 8.8% of GDP, compared with a budget target of a deficit equivalent to 7.6% of GDP. The bigger than expected deficit is mainly as a result of increased disbursement of project loans than w...