Mr. Seth Botchway, Principal Economic Officer of the Ministry of Finance and Economic Planning has called for a business-like approach to the process of budget development and monitoring at all units of national development.
He claimed that some schedule officers were merely pushing figures of the previous year slightly up to arrive at estimates for the upcoming year without thorough evaluation of planned projects and estimated spending.
Mr. Botchway was delivering a paper on Budget Preparations, Framework and Reporting, at a public financial management workshop in Ho on Friday.
He said while the job of making and monitoring budgets was multi-sectoral, the trend was for the desk officer to virtually single-handedly craft one, which other officers rush to implement during spending time.
Mr. Botchway said monitoring budgets was also important for any management, which knew the nature and size of the projected revenue flow and the variation in costs built into spending in order to stay on course.
He said the processes of approving budgets was inviolable, adding that there could not be spending before approval at any level of national management.
Mr. Botchway noted that estimates prepared by the Metropolitan, Municipal and District Assemblies were hardly put to tests by assembly members since many of them had no skills to comprehend the issues at stake.
He observed that cutting of cost should not be considered in regard to across board slashing of spending for all categories, but must be informed by a thorough evaluation of expenditure, projects, needs and strategies in reference to intended results.
Mr. Botchway, said roundtrips of two officers to one area, planned for different times could be merged into one trip by the same officials, on one vehicle, to the same locality but attending to different schedules.
The workshop was attended by District Co-ordinating Directors, District Finance Officers and Budget Officers from the Volta Region, among other areas.
It was organized by the Audit Service in collaboration with the Controller and Accountant Generals Department, Ministry of Local Government, Rural Development and the Environment, Ministry of Finance and Economic Planning and the Public Procurement Agency.
Topics treated included, Budget and Public Expenditure Management System, Internal and External Scrutiny and the Legal and Regulatory Framework.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Shatana drops new single “Monicitamol” to inspire women
8 minutes -
Mahama calls on party supporters, and others fomenting trouble to act responsibly
10 minutes -
We’ll have 2 holidays for Eid al-Fitr celebrations this year – Mahama
15 minutes -
Effiduasi market women hit streets in demand for access to stalls after paying contractor
37 minutes -
GNAT urges gov’t to prioritise education sector challenges just as it’s tackling energy issues
39 minutes -
Free SHS can’t continue; parents must pay for feeding, accommodation – NAGRAT President
44 minutes -
Mahama demands update from IGP on election-related deaths in 2020, 2024
51 minutes -
It’s a boy! Moses Bliss and wife welcome first child
1 hour -
Motorists stranded as fuel shortage hits Damongo
1 hour -
Fuel shortage hits Yendi and Damongo, residents appeal for swift intervention
1 hour -
Prof Bokpin endorses Finance minister-designate’s push for additional IMF funding
2 hours -
Sammy Crabbe criticises NPP leadership for party’s defeat; eyes chairmanship in 2026
2 hours -
There’s no formula for how a President decides to roll out his appointees – Dr Osae-Kwapong
2 hours -
Parliament suspends sitting for committee to vet ministerial nominees; orient new legislators
2 hours -
Close SHSs to address feeding, other issues – PTAs tell government
3 hours