Borno wins four awards for 2022 fiscal transparency, accountability in budget implementation
Borno wins four awards for 2022 fiscal transparency, accountability in budget implementation
By Njadvara MUSA
The Borno State government has won four awards for the State’s Fiscal Transparency, Accountability and Sustainability (SFTAS) budget performances in 2022.
The awards are to strengthen the fiscal sustainability, transparency and accountability of implementing the 36 States’ annual budgets.
In a breakdown of the assented 2023 budget, on Wednesday in Maiduguri, the Commissioner of Finance, Budget and Economic Planning, Adamu Lawan disclosed: “The Budget of Continuity for Sustainability is N235.33 billion, while its recurrent and capital expenditures stood at N104.25 billion and N131.1 billion respectively.”
He said that there is also an expected rise in local revenue collections; because of continuous enforcement of paying ground rents.
“The enforcement of the payments of ground rents has also improved the Internally Generated Revenues (IGR) by 25 per cent,” he said, noting that the 2022 budget was, however, less than the 2022 budget by 14.6 per cent.
While speaking on the awards, he said that the four-year programme started in May 2019 intending to strengthen fiscal sustainability, revenue mobilization and debt sustainability.
Besides, he added that the three fiscal measures have prevented financial crises while implementing the annual budgets.
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Continued; “The strengthening of fiscal sustainability, revenue mobilisation and debt sustainability has increased the fiscal space for productive spending,” adding that they will support growth and public service delivery.
He noted at the end of the programme, the State government won four different awards on the SFTAS.
“The awards include an excellent performer efficiency of public expenditures, very good performer on overall SFTAS, the top performer on improvement on critical DLIs, the top performer on improvement on original DLIs and very good performer on debt sustainability,” he said.
He however noted that the State’s total debts remain at N93 billion, while the targeted IGR of N30.2 billion was set for the 2023 budget.
According to him, this led the State Government to secure N14.1 billion in grants between 2021 and 2023 from the World Bank and other development partners.
He, therefore, warned accounting officers that the misappropriation of government funds will not be condoned.
Lawan urged them to adhere and operate strictly by laid down rules and regulations.
He further warned: “Failure to adhere to the laid down rules and regulations will result in their Expenditure Authorization Form (EAUF) not being signed.
He said that all requests for funds either in form of a memo or otherwise must be covered by approved provisions and balance of the budget, as well as a certificate of no objection from the Bureau of Public Procurement (BPP).
“Most of the MDAs do not comply with this,” he said, noting that failure to do this has violated the Public Procurement Act.
He advised the MDAs to use the 2023 approved budget in quoting their organizational and economic codes and fill the EAUF when requesting funds through memos.
Besides, he added that they are to submit expenditure returns of performance regularly.
