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Tuesday, 08 August 2017 08:07

FG prepares for a seamless 2018 Budget; Trains 4,250 participants in GIFMIS budget preparation module. Featured

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THE Federal Government has commenced preparation for the 2018 budget with the training of budget officers in 800 ministries, departments and agencies (MDAs) across the country.

Speaking at the commencement of the training exercise in Lagos, Director General, Budget Office of the Federation, Mr. Ben Akabueze, said that the training was focused on the use of the Government Integrated Financial Management Information System (GIFMIS) budget preparation module, which would be used for the first time to prepare the 2018 budget.

Akabueze who was represented by the Director, Fiscal Policy, Budget Office, Mr Anslem Anyanwu, stated: “We shall be training over 4,250 participants involved in budget preparations from over 800 Federal Government MDAs in six cities across the six geo-political zones of the country.

 “We are quite excited about this development because for the first time since its procurement we shall be using GIFMIS budget preparation module. This is the first time the MDAs will be using GIFMIS to carry out both budget preparation and budget execution.

GIFMIS will enhance the smooth and seamless linkage between budget preparation, submission, execution, monitoring, evaluation and reporting.”

Addressing journalists at the sidelines of the event, Supervisory Director, Budget Office, Mr Ibrahim Iddrisu said, “Budget preparation in the last five years has been more or less a manual basis before uploading it into a GIFMIS system. We have been executing the budget on a GIFMIS but the preparation will be manual. It has been hectic. From last year there has been an evolution where we have to prepare it online and then upload it into the GIFMIS.”

Ibrahim explained that the difference between the 2017 and 2018 budget preparations is the use of GIFMIS platform. The platform gives seamless, no difficulty, using the same module within the same system from just preparation to execution.

 

Source - VANGUARD

Read 75 times Last modified on Tuesday, 08 August 2017 08:17

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