The senate today inaugurate a committee on budget
reform.Below is the information shared on social
media by Senate President Bukola Saraki.…..
'Today, I inaugurated two committees that have
been tasked with coming up with a budget reform
proposal that will aid the passage of a budget bill
that will address the following:
Close the structural and procedural gaps that limit
transparency and accountability in the budget
process;
Design a legislative framework that fully provides
for the effective oversight of off-budget accounts
that typically lack oversight and transparency;
Design efficient timelines for the entire budget
process;
Enable the National Assembly to adequately
interrogate budget bills fully before passage;
Create new tools for efficiency in the
implementation of budget oversight schemes of the
National Assembly;
Create performance reports on all aspects of the
budget - including the budget of the three arms of
government;
Address the absence of continuous legislative
oversight structure with the MDAs;
Remedy the inadequate budget impact assessment
scheme; and
Develop a robust linkage between the budget
outcome and the next budget cycle.
It is my hope that with this framework in place, we
can address many of the discrepancies that
occurred during the last budget cycle'.
