FISCAL RESPONSIBILITY ACT

Section 28: Power to restrict further commitments.

2007Section 28 of 57Federal Republic of Nigeria

(1) Where, by the end of three months, after the enactment of the Appropriation Act, the Minister determines that the targeted revenues may be insufficient to fund the heads of expenditure in the Appropriation Act, the Minister shall, within the next 30 days of such determination, take appropriate measures to restrict further commitments and financial operations according to the criteria set in the Fiscal Risk Appendix.
(2) where the targeted revenues are re-established, either in part or in full, the appropriations for which further commitments were restricted shall be restored proportionately.
(3) The provisions of subsections (1) and (2) of this section shall not apply to statutory or constitutional expenditure

Cite this section

Section 28, FISCAL RESPONSIBILITY ACT (2007).

https://repo.podus.ai/laws/fiscal-responsibility-act/section/28/