In the aftermath of the budget crises between the executive and the National Assembly over the 2013 Budget, the Senate has moved to reduce the role of the federal Ministry of Finance in the budgeting process.
He said the current annual incremental, envelope based budgeting being used by the Ministry of Finance is arbitrary and inimical to growth.
Senator Adetunmbi who moved the motion at the plenary session, called for a review of the country’s budgeting process and that the National Planning Commission should be involved in the budgeting process.
He said the current national budgeting process makes the legislature less involved and at best reactive, a motion some lawmakers agreed to.
The Senate President, David Mark said other government agencies have usurped the role of the National Planning Commission.
The Senate mandated its Committee on National Planning and Finance to review the current national planning and budgeting linkage and recommend amendment to the relevant laws.
Senator Adetunmbi who moved the motion at the plenary session, called for a review of the country’s budgeting process and that the National Planning Commission should be involved in the budgeting process.
He said the current national budgeting process makes the legislature less involved and at best reactive, a motion some lawmakers agreed to.
The Senate President, David Mark said other government agencies have usurped the role of the National Planning Commission.
The Senate mandated its Committee on National Planning and Finance to review the current national planning and budgeting linkage and recommend amendment to the relevant laws.
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