USAID, Adamawa gov’t develop 3-year expenditure framework

0
612

USAID, Adamawa gov’t develop 3-year expenditure framework

Story from Usman IBRAHIM, Yola

The Adamawa State Government in collaboration with United States Agency for International Development (USAID) State2State activity, has developed the 2024 to 2026 Medium-Term Expenditure Framework (MTEF).

Speaking at the end of a three-day technical support on Thursday in Yola, Miss Suzanne Myada, State2State’s Public Financial Management (PFM) specialist, said MTEF was a mechanism that linked the policy framework to the budget through a strategic expenditure planning process.

According to her, It guides a government’s decision-making over resource allocation and prioritisation of activities in accordance with state-level development plan objectives.

“The MTEF will play a critical role in budget planning and preparation within the overall PFM cycle and therefore contribute to the effectiveness of subnational governments in line with the first objective of State2State Activity,” she said.

Myada added that the ultimate goal of preparing MTEF is to produce a credible and realistic 2024 annual budget.

Dr Mary Paninga, Executive Chairman of Adamawa Planning Commission, lauded State2State for the technical support to the Adamawa Government that ensures the timely preparation of its annual budget.

She said prior to that, the state never had partners that helped with such technical support for the development of the state.

According to her, the document will assist a lot in the preparation of its annual budget.

“A budget is an annual event that takes place because this document will assist a lot as it gives trend analysis to see how the budget is implemented, what are the lapses and see what are the areas that need to be improved upon.

Wunfe Anthony, Permanent Secretary, Budget Department, Ministry of Finance and Budget, commended USAID and the technical committee for coming together to have the document.

She said that at the end of the day, the document would impact positively and improve the livelihood of the citizens.

The technical committee was drawn from the Ministry of Finance and Budget Planning Commission, the Office of the Accountant General, the Debt Management Agency, the Board of Internal Revenue, and the State Assembly.

Follow the Neptune Prime channel on WhatsApp: https://whatsapp.com/channel/0029Va74ZvU2v1IqKByXoX3d

Do you have breaking news, interview request, opinion, suggestion, or want your event covered? Email us at neptuneprime2233@gmail.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here