Governing Norm For Provincial Budget

Provincial governments unveiled their budgets for the fiscal year 2024/25 last Saturday in adherence of the provision of law that fixes the date for the presentation of the budget to the provincial parliament. This year most of the provincial governments have reportedly slashed the quantum of their annual budget estimates due to, among others, reduced fiscal transfers from the federal government. However, a general scanning of budget statements indicate that the tendencies of budgetary appropriations on petty programmes and projects have not been corrected despite the reduction in the quantum of available meager public resources.