Senior budget officials from 23 African countries began a three-day meeting in Accra on Thursday to deliberate on issues that would help politicians and governments to make and implement the right budget choices to ensure sustainable development in their countries.
The Fourth Annual Collaborative Africa Budget Reform Initiative (CABRI) seminar will also address increments and expenditure rigidities of budgets with a focus on personnel policy, pay and capacity, capital budgeting and interrogating baseline to set expenditure ceilings.
Mr Kwadwo Baah-Wiredu, Minister of Finance and Economic Planning who opened the seminar, said the budget of most African countries had many challenges including high donor component, low revenue base and the performance of their economies, which had telling effects on the management of their budgets.
He said the budget was the single most important management tool for the government to implement its policies and programmes and urged budget directors to embrace and share ideas to help solve the medium-term fiscal policy puzzles.
"As Directors of Budgets of African countries, the efficient allocation of resources to meet competing demands of our teaming population to better their lot is a daunting task that must be confronted head-on."
Mr Baah-Wiredu said apart from the main objectives set out by CABRI, participants must also strive to build practical experiences and lessons to facilitate political support for budget reforms and enhance their understanding on the reform modalities.
He said what was needed in the days ahead was to get the right answers to enable Africa to make progress in the reform agenda adding that it would assist in the mobilization of domestic revenue to manage resource flows from commodity booms, tax policy and administration.
Mr Kwabena Adjei Mensah, Director of Budget of the Ministry of Finance and Economic Planning, said budget allocation should not be based on increments but should be a policy to look at what was to be done and cost them appropriately.
He said though the Ministries, Departments and Agencies (MDAs) and the Metropolitan, Municipal and District Assemblies (MMDAs) demanded an increment in their budget allocations yearly, that should not be the norm since every year there were different projects to be executed.
Mr Adjei Mensah said the seminar would address issues relating to improving the quality of expenditure and reform design and implementation to advance the lot of the people.
The first three meetings of CABRI were held in South Africa in 2004, Maputo in 2005 and Addis Ababa in 2006.
The first meeting focused on budget credibility and multi-year budgeting, the second focused on managing the complexities from fragmentation and coordination with the third discussing the gaps between policies and budget where Ghana presented a paper that scrutinized budgets of MDAs during budget preparation.
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
-
Blake Lively’s claims put spotlight on ‘hostile’ Hollywood tactics
17 minutes -
Church of England must repent, leading cleric says at Christmas
24 minutes -
DJ Stiga wins Hitz FM’s 2024 Hottest DJ contest
28 minutes -
‘Yes, I voted for myself!’ – Cheddar addresses election rumors, calls for electoral reforms
2 hours -
Akufo-Addo approves visa-free entry to Ghana for all African nationals
2 hours -
Let us reflect, refocus and rebuild our party – Kwaku Appiah urges NPP members
2 hours -
24-year-old unemployed remanded for unlawful entry, stealing
2 hours -
I will deliver on my promises - Ashaiman MP
2 hours -
IPR Ghana congratulates President-elect Mahama
2 hours -
BoG Governor warns of cyber threats, urges investment in security
2 hours -
Ensure safety on roads this festive season – Drivers, road users urged
2 hours -
Those calling for our removal don’t understand our responsibilities – Bossman Asare
2 hours -
Use ex-gratia funds to resource education – CAPCOE to Mahama
2 hours -
NDC candidate calls for judicial independence amid election disruptions
2 hours -
Fire destroys 5 containers at Saglemi Affordable Housing Project site
2 hours