EKITI TO DESIGN 2014 BUDGET FOR COMPLETION AND COMMISSIONING ALL ON-GOING PROJECTS Ekiti State Commissioner for Budget, Economic Planning and Service Delivery, Mr. Biodun Oyebanji has said that the state 2014 Budget will be tailored towards ensuring the completion and commissioning of all on-going projects in the state. Delivering the keynote address at the 2014 Budget Negotiation meeting on Sectoral Allocation and Recurrent Envelope organized by his Ministry, Mr. Oyebanji explained that the focus is to further consolidate and slow down on fiscal expansion. The Commissioner said that the budget which as usual would be designed to achieve the 8-point agenda is to cater for a year of transition, stocktaking and fiscal caution. Commissioner Oyebanji stressed that government would focus intensively on the Internally Generated Revenue (IGR) to ensure fiscal security and sustainability. Emphasizing that appropriate criteria would be adopted to evaluate and prioritize capital projects that are revenue generating in nature, Oyebanji said that the linkage between budget and Medium Term Expenditure Framework (MTEF) would be strengthened. He assured that government would continue to use the Public Private Partnership (PPP) option in ventures that are considered better handled by the private sector. The Commissioner appealed to the participating top government officials to make good use of their pedigree and wealth of experience as senior officers in government circle to achieve a robust outcome through fully participatory negotiation process. Earlier in his remarks, the Permanent Secretary in the Ministry of Budget, Economic Planning and Service Delivery, Mr. Sola Folorunso noted that there had been concerted efforts to reform the state budgeting process adding that the efforts had no doubt yielded fruits.
Posted on: Tue, 12 Nov 2013 15:43:23 +0000
Trending Topics
Recently Viewed Topics
© 2015