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MoFED Frowns at MDAs for over projecting ceilings

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Super User

Sunday, 02 October 2016 15:09
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Senior officials at the Ministry of Finance and Economic Development [MoFED} have frowned at Ministries, Departments and Agencies [MDAs] for over projecting ceilings during the on- going 2015- 2017 budget discussion at the Ministry of Finance and Economic Development. Majority of the MDAs are not preparing their budget in accordance with the template provided to them by the Ministry of finance and Economic Development, which has made them to go above ceilings provided by the Ministry.

This was observed during the summary of several MDAs during their presentation, even though the budget call circular was provided by MoFED as a way to assist them to formulate their budget for MTEF 2015-2017, yet still they did not adhere to the procedures provided in the circular. As a result of that the ministry of Finance have asked them to go back and review their budget plan and also provide them with budget officers if necessary to assist them in the next coming week to do their final presentation.

It should be noted that it was made categorically clear that due to the current state of the country, the 2015- 2017 budget process will to some extent changed from how it used to be, and it is expected that all MDAS present their budget estimate and strategic plans for the upcoming financial year.

About MOFED

The Ministry of Finance and Economic Development is a Key arm of the Government of Sierra Leone mandated to to formulate and implement sound economic policies and public financial management

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