Departments

Revenue

expendenture

budget monitoring & evaluation

fiscal policy

administration & supplies

finance & accounts

ict

About us

The Budget Office of the Federation was established to provide budget function, implement budget and fiscal policies of the Federal Government of Nigeria. The Budget Office is structured into six departments - four operational departments and two service departments:

Revenue
Expenditure
Budget Monitoring and Evaluation
Fiscal Policy
Administration and Supplies
Finance and Accounts

Each department is sub-divided into divisions for functional purposes. Function and Output of Budget Office All budget systems have three basic tasks: Maintain aggregate fiscal discipline Allocate resources in accord with government priorities Promote the efficient delivery of services

Budget Preparation and Formulation

This entails revenue estimation using current information on oil production and prices. It also involves estimation of non-oil receipts, and developing of a macroeconomic framework.

Budget Documentation

Specifying fiscal policy objectives, the macroeconomic framework, the policy basis for the budget, and identifiable major fiscal risks. In addition, the indication of expenditure estimates.The statement of fiscal policy objectives and an assessment of fiscal sustainability provide the framework for the annual budget.
The FGN budget is prepared and presented within a comprehensive and consistent quantitative macroeconomic framework, with clear indication of the main assumptions underlying the budget provided.
New policies being introduced in the annual budget are clearly described.