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Government to recall 2014 budget due to fatal errors

29 January 2014, 13:50

Abuja - The federal government may recall the 2014 budget bill it sent to National Assembly after fatal errors were discovered in the proposal, reports Daily Trust.

Sources at the Ministry of Finance told the paper that the replacement of the current budget proposal with a new one became necessary following  symmetric errors discovered in the earlier document presented by Finance Minister, Ngozi Okonjo-Iweala, in December 2013.

The errors were caused due to a mix-up arising from the use of the Government Integrated Financial and Management Information System (GIFMIS).

Some of the noticeable errors included allocations for the fuelling and maintenance of aircraft, boats and railway equipment for the Mathematical Centre, Sheda; Investment and Securities Tribunal and Federal College of Education, Katsina.

Read more at Daily Trust


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