FG Admits To Errors In The 2016 Budget
Following the revelation of several unjustifiable allocations in the 2016 budget presented by President Muhammadu Buhari, the federal government has finally admitted that there were errors in the 2016 Budget.
In it defense, FG put the blame on the development on the adoption of the Zero-Based Budgeting System.
The ministry of budget and national planning in a statement by the Director of Information in the ministry, Mr. Charles Dafe said the budget was well structured but those responsible for budgeting at the various ministries, departments and agencies of government were still grappling with some of the technicalities used in the fiscal document.
“The proposals have received general commendation. However, the details were developed using the Zero-Based Budget and is a new concept to our Budget Officers away from our traditional envelop process.
“The members of staff in the Ministry of Budget and National Planning as well as those handling budget issues in all ministries and extra-ministerial agencies are grappling to master the technicalities in the ZBB template.
“As such therefore, some errors are not unexpected in the changeover to the new ZBB approach.
“This was the reason the ministry arranged for the proposals to be placed on the website of the Ministry of Budget and National Planning to expose them to public scrutiny,” the statement reads in part.