FISCAL RESPONSIBILITY ACT

Section 19: Annual budget to be accompanied by certain documents.

2007Section 19 of 57Federal Republic of Nigeria

The estimates of revenue and expenditure (in this Act referred to as the "Annual Budget') shall be accompanied by:(a) a copy of the underlying revenue and expenditure profile for the next two years;
(b) a report setting out actual and budgeted revenue and expenditure and detailed analysis of the performance of the budget for the 18 months up to June of the preceding financial year;
(c) a revenue framework broken down into monthly collection targets prepared on the basis of the predetermined Reference Commodity Price as contained in Medium-Term Expenditure Framework;
(d) measures on cost, cost control and evaluation of results of programmes financed with budgetary resources;
(e) Fiscal Target Appendix derived from the underlying Medium-Term Expenditure Framework setting out the following targets for that financial year-
(i) target inflation rate,
(ii) target fiscal account balances,
(iii) any other development target deemed appropriate; and
(f) a Fiscal Risk Appendix evaluating the fiscal and other related risks to the annual budget and specifying measures to be taken to offset the occurrence of such risks.

Cite this section

Section 19, FISCAL RESPONSIBILITY ACT (2007).

https://repo.podus.ai/laws/fiscal-responsibility-act/section/19/