Appropriation Acts Review

In the structure of governance, the Legislature plays a key role.
Representation, legislation, supervision, and examination are some of its main responsibilities.

Legislators who do their jobs well transform public opinion into policy (law) and keep a close eye on executive actions to make sure they are carried out ethically, effectively, and in line with legislative purpose.

The budget process, which involves passing the yearly budget and monitoring government expenditures, is a key component of parliamentary supervision and NABRO plays vital role in the appropriation review process.

An Appropriation Act is a proposed law that authorizes the expenditure of government funds. It is a bill that authorises amounts to be issued from the public accounts and applied for services in a financial year.

2023 Appropriation Bill

The 2023 Appropriation Bill (also known as "the Budget") was signed into law on January 3, 2023, by His Excellency, President Muhammadu Buhari, GCFR. From 9.73 trillion and 20.51 trillion, respectively, the National Assembly boosted the total revenue and budgeted spending to 10.49 trillion and 21.83 trillion, respectively. As a result, the planned fiscal deficit has effectively grown by $560 billion to $11.34 trillion. The following chart illustrates the main underlying presumptions of the budget as well as changes in the authorized fiscal parameters between the 2023 and 2022 budgets:

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