NATIONAL BUDGET

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Circulars

KEY TOPICS

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  Functions & Responsibilities

1. Formulation of the National Budget
1. Preparation of annual budget estimates for Ministries, Government Departments and Statutory Boards in consultation with the Spending Agencies and the relevant Treasury Departments to achieve the fiscal targets stipulated in the Fiscal Management (Responsibility) Act; and
2. Preparation of Medium Term Budgetary Framework (MTBF) for a period of 03 years.


2. Public Expenditure Management
1. Issuance of Budget Circulars
2. Enforcement of controls to ensure that funds are used exclusively for the declared purposes within the approved limits.
3. Interacting with the Spending Agencies to ensure the effectiveness of spending.
4. Analysis of expenditure for monitoring of financial as well as physical progress.
5. Committee on Public Expenditure Control (CPEC).
6. Co- ordination of Opening of Letters of Credit (LCs) under the Ministry of Defence.
7. Participation of Staff on Boards and Committees.
8. Preparation of Observations on Cabinet Memoranda; and
9. Financial Administration of the Department.


3. Development of systems
1. Introduction of Project Profiles.
2. Monitoring of Projects


4. Activities Related to Statutory Boards (Non – commercial Public Institutions)
1. Preparation of Budget Estimates for Statutory Boards in consultation with the Department of Public Enterprises.
5. Advance Accounts Activities
1. Determination of limits for the Commercial, stores and Public Officer’s Advance Accounts and consider the requests for revision of the limits.
2. Representing the Treasury at the COPA meetings on non-compliance of Advance Accounts Limits.