Overview

The document is the 3rd Quarter Budget Implementation Report for 2009 by the Budget Office of the Federation, Federal Ministry of Finance, Abuja, Nigeria. It provides detailed information on the allocation of public resources and the implementation of the Federal Budget during the third quarter of 2009. The report is prepared in compliance with Section 30 of the Fiscal Responsibility Act 2007, which mandates quarterly reporting to the Fiscal Responsibility Commission and the Joint Finance Committee of the National Assembly. It highlights the government's commitment to budget openness, transparency, and credibility as part of public financial management reforms. The 2009 Budget emphasizes measurable targets and outputs for Ministries, Departments, and Agencies (MDAs) in line with results-oriented performance-based budgeting. The fiscal year was challenging due to lower-than-expected revenue collections, though capital implementation improved from previous quarters. Revenue performance improved in the second and third quarters due to higher oil prices and better non-oil revenue components. The report underscores the need for greater efficiency in revenue collection and budget execution. Key entities include the Budget Office of the Federation, Federal Ministry of Finance, Fiscal Responsibility Commission, National Assembly's Joint Finance Committee, and Minister of Finance Dr. Mansur Muhtar. The document aims to hold MDAs accountable for expenditures and revenues and to achieve government objectives as per the 7-Point Agenda.

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