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FEDERAL GOVERNMENT OF NIGERIA BUDGETING PROCESS 101.
1. The Budget process goes through 14 Stages.
2. While there are 3 Arms, Nigeria's budget process is the exclusive responsibility of both The Executive and the Legislative Arms.
#NigeriaBudget101
1. The Budget process goes through 14 Stages.
2. While there are 3 Arms, Nigeria's budget process is the exclusive responsibility of both The Executive and the Legislative Arms.
#NigeriaBudget101
3. The Fiscal Responsibilities Act 2007 is one of the Legal Frameworks guiding the content and presentation of the Budget.
4. The Budget is made of 4 Components;
(a) Statutory Transfers
(b) Debt Service - Domestic & Foreign
(c) Recurrent Expenditure
(d) Capital Expenditure
4. The Budget is made of 4 Components;
(a) Statutory Transfers
(b) Debt Service - Domestic & Foreign
(c) Recurrent Expenditure
(d) Capital Expenditure
