The federal government has asked all ministries, departments, and agencies to submit their 2022 budget proposals by Sunday, September the 5th.
According to a circular issued by the director-general of the budget office of the federation, Ben Akabueze, this is to ensure that the 2022 budget proposal is submitted to the National Assembly in September 2021, in full compliance with the Fiscal Responsibility Act 2007.
The circular, dated September 2, 2021, reads: “Please refer to the 2022 Budget Call Circular Par. 7 which explicitly required government-owned enterprises and MDAs to make their 2022 budget proposal submissions online using the Building Information Modelling and Management Solutions/ Government Integrated Financial and Management Information System -Budget Preparation Subsystem not later than Friday, August 27 and September 3, 2021, respectively.”
“The Ministry of Finance Budget and National Planning has committed to President submitting the 2022 budget proposal to the National Assembly this September 2021, in full compliance with the Fiscal Responsibility Act 2007.
“Ministries Department and Agencies are hereby advised to fully comply with the final submission date of Friday, September 3, 2021.
“The GIFMS -BPS Platform will be closed to MDAs for Budget upload by midnight Sunday, September 5, 2021.”
Akabueze further reminded MDAs to include the revenue sources and not just expenditures in their budget submissions.
Last week, the Federal Government had bared MDAs from including new capital projects in their 2022 budget proposals as adequate provision has been made for completion/work programme of all ongoing projects.