Overview

The document is the 2015 Third Quarter Budget Implementation Report published by the Budget Office of the Federation under the Federal Ministry of Budget and National Planning, Abuja. It is authorized by Sections 30 and 50 of the Fiscal Responsibility Act, 2007, which require the Minister of Finance to submit quarterly budget implementation reports to the Joint Finance Committee of the National Assembly and the Fiscal Responsibility Commission. The report provides information on the allocation of public resources through the Federal Budget and aims to hold Ministries, Departments, and Agencies (MDAs) accountable for revenue and expenditure. The foreword, written by Honourable Minister of Finance Kemi Adeosun, emphasizes transparency and collaboration with MDAs, civil society, media, and legislative bodies. The preface, by Director Mal. Tijjani Mohammed Abdullahi, notes that the 2015 Budget, themed 'Transition Budget & Hope,' focuses on macroeconomic stability and priority sectors. However, implementation in the third quarter faced challenges including the late passage of the budget, collapse in oil prices and demand, and lower-than-projected revenues from oil and non-oil sources. The report is a product of joint efforts by financial and statistical agencies and the Budget Office's Department of Budget Monitoring and Evaluation.

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