Business
FG Blames Capacity Gaps For Poor Budget Performance
The Federal Government
has blamed the low level implementation of annual budgets and national development plans in the public service on capacity gaps in the country.
The Permanent Secretary of the Ministry of Budget and National Planning, Mrs Fatima Mede, said this in a statement on Monday after a training for budget and planning officers of federal MDAs in Kano.
The training was organised and conducted by the Centre for Management Development (CMD).
CMD was established by the Federal Government as the operational arm of the Nigerian Council for Management Development (NCMD).
The Centre commenced operations in 1973, although it only derived its legal backing by an Act of 1976.
It is also actively involved in the regulation of standards, development of managerial manpower for the country and a broad range of skills to enhance the quality of management and leadership for the attainment of national economic goals.
Mede, who was represented by Mr Aminu Yargaya, also blamed some government agencies for not being able to effectively formulate or implement sector plans or annual budgets.
She said that countries like China, Malaysia and Indonesia were growing successfully and sustaining rapid developments because of their consistent implementation of National Development Plans.
She said that in order to contend the gap, the ministry embarked on a capacity training for budget and planning officers in Ministries, Departments and Agencies (MDAs).
“The Federal Ministry of Budget and National Planning is conducting a rigorous capacity building programme on planning, plan formulation and effective linkage to the budgeting process for Budget and Planning Officers
“This would be done for officers of Federal Ministries, Departments and Agencies as part of the process in the preparation of the 2017 Budget as well as the 2017/19 Strategic Plan,”Mede stated.
Mede said due to the present economic crises that was resulting in negative consequences on revenues, there was the need for effective planning and budget implementation to achieve value for money.
She explained that expenditures were now tied to the country’s needs for maximum impact on the lives of the citizens.
“This is buttressed by the introduction of such economic and fiscal policies as Zero-based-Budgeting (ZBB), Treasury Single Account (TSA), Bank Verification Number (BVN) and the Restructuring of the Budget Framework.
“This is in favor of capital expenditure among other policies,” she said.
She further said that the training was imperative as it would enable government to derive ways of reducing economic wastes and technical challenges.
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