The set of indicators include two general indicators, one on the timely publication of the eight key budget documents assessed in the OBS, and the second on the comprehensiveness of these documents. [...] A target score of at least a B should be aimed for, with the EBP published at least two months in advance of the budget year, and in advance of the budget being approved by the legislature. [...] Comprehensiveness of eight key budget documents In the 2019 and 2021 OBS, only the Enacted Budget had a document score exceeding 61; however, in the 2021 OBS, the Citizens Budget and the In-Year Reports each missed this 4 score by only 2 points, each recording 59, with the score of 55 for Executive’s Budget Proposal; and 48 for the Year-End Report remaining largely unchanged. [...] The publication of citizens’ versions of the budget should also be extended to other phases of the budget process, beyond the enactment phase. [...] A joint exercise with the Budget Office of the Federation and the Office of the Accountant General of the Federation revealed that 112 extra budgetary entities reported expenditures outside the Federal Government of Nigeria’s financial reports in an amount of more than 10 percent of Federal Government expenditure.
Authors
- Pages
- 10
- Published in
- United States of America
