NEWS AGENCY OF NIGERIA

Borno govt. warns MDAs against exceeding spending limits

follow and like on:
X (Twitter)
Visit Us
Follow Me
Instagram
Telegram
42 total views today

By Yakubu Uba

Borno State Government has warned ministries, departments and agencies against extra budgetary spending.

Alhaji Adamu Lawan, the Commissioner for Finance, Budget and Economic Planning, gave the warning on Friday in Maiduguri while briefing the media on the 2021 approved budget.

Adamu said that some ministries and parastatal agencies were fond of spending outside budgetary expenditures.

“It is once again noticed with dismay that Ministries, Departments and Parastatal agencies are not yet observing strictly the laid down budgetary guidelines and procedures.

“Despite all efforts by Ministry of Finance, Budget and Economic Planning to curtail indiscipline, some government agencies went to incur expenditures that were not budgeted.

“Miscalculation and misappropriation of public funds will no doubt distort the process of the budget.

“It is in light of the foregoing that attention of all Accounting Officers is drawn to adhere and operate strictly in accordance with the laid down rules and regulations.

“In addition, all requests for funds either in form of memo or otherwise must be covered by approved provisions and balance of the budget.

“The attention of accounting officers are drawn that the budget document is a set of policy guide to enable you to operate during the 2021 fiscal year.

“The success or otherwise of this policy will largely depend on every one of us.

“I, therefore, crave your indulgence to operate strictly within the bounds of the budget so as to achieve the set objectives,” Adamu added.

Adamu said that the state recorded 70 per cent implementation of last year’s budget, adding that in 2021, the state was aiming at 90 per cent.

See also  CAC uncovers 189 fake companies defrauding Nigerians

He said that government had begun Single Treasury Account (TSA) and other measures to block leakages.

He said that the 2021 budget of N248.3 billion named “The People’s Budget of Recovery and Consolidation” comprised N69.1 billion recurrent and N179.2 billion capital votes. (NAN)

follow and like on:
X (Twitter)
Visit Us
Follow Me
Instagram
Telegram

Published By

Rabi'u Sani Ali

You cannot copy content of this page

X
Welcome to NAN
Need help? Choose an option below and let me be your assistant.
Email SubscriptionSite SearchSend Us Email