Budget Cycle: Senate President Calls For Legislation - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
September 27, 2019
President of the Senate, Ahmad Lawan, on Friday,underscored the need to have a budget reform that will include a law ontimeliness in budget passing.
Lawan made the call at business meeting of theInstitute of Directors’ Annual Conference in Abuja.
Lawan, who spoke on “Reforming the Budget Cycle: AFirst Step in Our Journey to the Next Level” said timeliness and deadlineswould give leaders focus and make for more definite on deliverables.
According to him, reports indicates that countrieslike the U.S., Canada, Austria, Brazil, France and India have more definitebudget cycles through legislation.
The senate president said it is also important toimprove on database showing the social economic conditions of the country.
According to him, a database will be more helpfulfor the appreciation of financial projections, despite current efforts byNational Bureau of Statistics and some multilateral agencies in showingsectoral performances of the economy.