Investor Presentaiton
RECOMMENDATIONS
Our recommendations are as follows:
01
The Legislation of Fiscal Rules: Legislation of fiscal rules
to improve transparency and accountability of public
expenditure as practiced in Ghana and Uganda. Such as
rules on:
uniform vertical transfers of derivation funds to curb
the practice of discretionary transfers currently
practiced by Niger delta States:
The prescription of adequate budget preparation
procedures that ensures a proper needs assessment
of the intended beneficiaries are carried, ahead of
prospective budget implementations;
the development of resource allocation criteria that
are 'downwardly accountable', particularly to the
intended beneficiaries of the derivation funds;
Consistent publishing of fiscal information and
ensuring access to such information; and
Earmarking a considerable proportion of the
derivation funds for specific sectoral development
such as health, education, facilitation of portable
water etc.
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ACIOE
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