TVC E, POLITICS – The Ministry of Budget and National Planning, on Tuesday, admitted that there were errors in the 2016 Budget and the blame goes to the newly developed Zero-Based Budgeting Adoption System.
The Director of Information in the ministry, Mr. Charles Dafe explained that the budget, which was presented to the National Assembly by President Muhammadu Buhari was well structured and targeted at reviving the economy.
The Zero-Based Budgeting approach is a system of budgeting that reverses the working process of traditional budgeting by ensuring that all expenses must be justified in the new period.
The approach is different from the now common envelope system in the civil service, which was introduced by the Federal Government in 2003.
As the country moves away from the envelope system, Dafe, in the statement, said the ministry would improve on the competency of the Zero-Based Budgeting (ZBB).
Training and retraining to build capacity of the Budget Officers on the ZBB concept will be intensified in 2016.
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