Overview

This is the 2009 2nd Quarter Budget Implementation Report published by the Budget Office of the Federation, Federal Ministry of Finance, Abuja, Nigeria. The report covers the period from April to June 2009. Key highlights include: lower than projected oil and non-oil revenues; improved capital expenditure execution rate in Q2 compared to Q1 due to efforts to address constraints; higher oil prices boosted revenue performance in Q2. The report emphasizes adherence to the Fiscal Responsibility Act 2007, which mandates quarterly reporting to promote transparency and accountability. It notes challenges such as low capital budget implementation in Q1 and the need for greater efficiency in revenue collection and budget execution. The document includes a foreword by the Honorable Minister of Finance, Dr. Mansur Muhtar, and a preface explaining the role of the Budget Office in monitoring budget implementation. The report aims to provide stakeholders with information on government performance in delivering on budget promises.

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