The Ministry of Budget and Economic Planning has said the 2024 budget would be submitted to the National Assembly before the end of October.
The Director-General of the Budget Office of the Federation, Ben Akabueze, said this in Lagos on Monday, during the training of ministries, departments, and agencies’ personnel, who would be involved in the 2024 budget preparation based on the Government Integrated Financial Management Information System – Budget Preparation Sub-System.
Akabueze, who was represented by the Director of Revenue and fiscal Policy at the Budget Office of the Federation, Hapsatu Mormoni, disclosed that the budget office was working to ensure that the 2024 Budget was submitted to the National Assembly before the end of October.
In a chat with journalists during the training, the director-general said the training had been very effective, adding that the country had been able to return to the January –December budget cycle in the last five years.
He said, “We are working to make sure that the submission of the budget before the end of October happens even though it is a new administration. We are still hoping to make sure we meet up with that deadline so that the National Assembly can also do their own and ensure that the budget is passed within the year.”
The budget office DG said the training was aimed at enhancing budget personnel’s collective capacity to effectively use the Budget Preparation Sub-System of the Government Integrated Financial Management Information System.
According to him, the training session underscored the determination of the budget office to enhance fiscal discipline and accountability in the management of public funds.
