FG plans to submit 2018 budget to N’Assembly in October

Director General, Budget Office of the Federation, Ben Akabueze has said the 2018 Executive Budget proposal would be submitted to the National Assembly in October.

He announced this at the opening of the National Training for Personnel of Ministries, Departments and Agencies on 2018 Budget Preparation, using Government Integrated Financial Management Information System in Lagos.

Represented by Anslem Anyawu, the Director, Fiscal Policy Department, Budget Office, said the budget is targeted to be passed by December 2017.

Akabueze said that the decision was in line with the administration’s steadfastness in its effort to take the economy out of recession and place it on the path of sustainable growth.

Akabueze said, “To improve the quality of our budgeting process, we are committed to making the use of technology and automation tools.

“For the 2017 Budget, MDAs prepared and presented their budgets online and in real time using a Zero Base Budgeting web-based application.

“It was the first time that MDAs were using online system to prepare and submit their budget with no manual intervention.

“The use of the web-based application helped eradicate a lot of the challenges encountered in previous years.”

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