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Government Financial Management Responsibilities

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Government Financial Management Responsibilities

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Questions and Answers

What are the categories of budget spending mentioned in the text?

Capital Expenditure, Recurrent Expenditure, and Development Expenditure

Overhead Cost, Personnel Cost, and Capital Expenditure

Statutory Transfer, Debt Service, and MDAs Expenditure (correct)

Salaries, Bonuses, and Allowances

What is the main purpose of the MDAs Envelopes mentioned in the text?

To cover entertainment expenses of government officials

To fund personal projects of ministry officials

To distribute bonuses to employees

To allocate projected revenue to MDAs based on government priorities (correct)

Which entity issues financial warrants for personnel cost and overhead cost based on the Appropriation Act?

Budget Office of the Federation

Federal Ministry of Finance (correct)

National Assembly

Federal Executive Council

What is the purpose of the Economic Reform and Governance Project (ERGP) in Nigeria?

To improve integrity, transparency, and accountability in government financial transactions Signup and view all the answers

When does the Budget Office of the Federation consolidate inputs received from MDAs?

After submission of budget proposals by MDAs Signup and view all the answers

Which entity approves the proposed Budget in Nigeria?

Federal Executive Council (FEC) Signup and view all the answers

'Debt Service' is categorized under which type of budget spending?

Statutory Transfer Signup and view all the answers

Government Financial Management Responsibilities

Choose a study mode

Podcast

Questions and Answers

What are the categories of budget spending mentioned in the text?

What is the main purpose of the MDAs Envelopes mentioned in the text?

Which entity issues financial warrants for personnel cost and overhead cost based on the Appropriation Act?

What is the purpose of the Economic Reform and Governance Project (ERGP) in Nigeria?

When does the Budget Office of the Federation consolidate inputs received from MDAs?

Which entity approves the proposed Budget in Nigeria?

'Debt Service' is categorized under which type of budget spending?

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