Search Results

You are looking at 1 - 7 of 7 items for :

  • "A. budget overview" x
Clear All
International Monetary Fund. Office of Budget and Planning

from staff in CSF, HRD, ICD, ITD are noted in the text in the relevant sections. Contents Abbreviation and Acronyms SECTION I. OVERVIEW SECTION II. FY22 DEVELOPMENTS A. FY22 Administrative Budget SECTION III. MEDIUM-TERM CONTEXT A. Calibrating the Pandemic Response B. Accelerating a Durable Transformation C. Adequately Resourced and Representative IMF D. Post-Pandemic Workplace E. Fund’s Income Position and Budget SECTION IV. FY23 ADMINISTRATIVE BUDGET A. Budget Overview B. Budget Change by Priority Topics C. Budget by Output

International Monetary Fund

and streamline capital projects. Publication of a budget overview booklet. The budget document included the corresponding 2003 budget allocations (but not actual spending). Early interaction with the National Assembly to avoid delays in the process and reduce the risk of unrealistic budgets. Design by OAGF of a new chart of accounts (COA) and harmonization of the budget classification with the new COA. The new budget classification will impose more detailed information both at the recurrent and capital project levels. The capital budget for 2005 will not be a

International Monetary Fund. Office of Budget and Planning

. 1/ Excludes impact of pension-related (IAS 19) gains and losses. Section IV. FY23 Administrative Budget A. Budget Overview The FY23 budget request includes specific provisions to implement the first phase of the proposed augmentation and initial unwinding of exceptional temporary space for immediate Covid-related crisis needs. It also would support an increase in the limit for externally funded spending, linked to ramp up in CD to support work on the Fund’s structural transformation agenda ( Box 5 ). Finally, it calls for introduction of a

International Monetary Fund

expenditure releases and strengthen overall budget execution, and determine borrowing requirements. Major spending ministries have been asked to develop performance indicators and report on a monthly basis. A special monitoring unit was established for the largest capital projects. The authorities upgraded the budget speech, and for the first time produced a budget overview booklet (following similar practices in Canada and South Africa). They also announced the intention to publish quarterly budget reports and the audited accounts of the federal government. This

International Monetary Fund
This 2004 Article IV Consultation highlights that real GDP growth in Nigeria accelerated in 2003 on account of sharply higher oil and gas production and continued robust growth in the non-oil economy. Owing to favorable terms-of-trade developments, the external current account deficit narrowed sharply. This, however, masks rising non-oil import pressures and a widening non-oil external current account deficit. Macroeconomic conditions have improved considerably since late 2003, owing largely to fiscal prudence. The fiscal restraint that began in the last quarter of 2003 continued in the first half of 2004.
International Monetary Fund
This Selected Issues and Statistical Appendix paper presents an assessment of Nigeria’s past economic reform efforts—in particular the program supported by the 2000–01 Stand-By Arrangement (SBA). The paper also reviews weaknesses in the current fiscal management framework in Nigeria and proposes reforms to further strengthen the budget process. It describes weaknesses in the current public debt management framework and the government’s reform strategy. It highlights the reform implication and addresses further actions that will be needed to put the government’s domestic debt reform strategy on a solid foundation.