ben akabueze

2023 Budget ready for submission next month

The Federal Government Budget proposal for the 2023 fiscal year will be ready for submission to the National Assembly next month, the Director-General of the Budget Office of the Federation has said.

So soon?

Yes! The D-G, Mr. Ben Akabueze, while speaking at the commencement of the training of Budget Officers of Federal Ministries, Department and Agencies, MDAs in Abuja, said “the Executive Budget Proposal will be submitted to the National Assembly by September 2022 pursuant to the directives of President Buhari, and in a bid to get the 2023 appropriation Bill passed and signed into law by 31st December 2022.”

 Mr. Akabueze expressed displeasure over the failure of officers in charge of budget preparations in many MDAs to comply with details of Budget call circulars in the past.

“It has been observed, however, that MDAs do not study the Budget Call Circular in detail and as such makes mistakes that should ordinarily be avoided if they had complied with the relevant sections of the budget circular.

“To this end, one of the modules at the training will address key items and sections to note in the 2023 FGN Budget Call Circular”, he said.

What else did he say?

The Director-General revealed that the Budget Office Plans to hold a series of engagement and stakeholders’ consultations with key revenue-generating agencies, Civil Society Organization, the Nigerian Governors Forum, the National Executive Council, the National Assembly as well as the Federal Executive Council, urging the participants to reflect their sectoral mandates and priorities in the preparation of the various budgets before submission to the Budget Office.

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