The Director General, Budget Office of the Federation, Mr. Ben Akabueze, has said that the organisation would soon introduce an ‘Organic Budget Law’ that would prescribe exact budget cycle time frame from presentation to implementation.
He also said that the clause in the roll-over implementation of the 2016 budget as passed by the National Assembly did not cover recurrent expenditure as it is applicable only to capital expenditure.
He spoke in Abuja at the Lunchtime Reform Seminar on “Developments in the 2017 Budget’ organised by the Bureau for Public Service Reforms (BPSR) and the EU-SUFEGOR programme. “We are working on a law that would specify the time frame for the presentation of the budget by Mr. President to the National Assembly, the time the National Assembly should debate and pass the budget for the President accent and the time the President must signed it into law. We are conscious that there may be need for amendments and this would be taken care of in the proposal,” Akabueze said.