PUBLIC SECTOR BUDGET PREPARATIONS PROCESS
Live-Online Training: N175,000
Classroom Training: N 215,000
3 - 4 participants: 5% discount
5 or more participants: 10% discount
(Available also for Customised Training by Duration, Venue & Fee)
A government budgeting is an essential responsibility for public administrators, one that requires both financial and political skills. An understanding of government budgeting is critical to understanding the policy process and the workings of government and its prima revenue generating agency. This course reviews the current macroeconomic variables and draws on insights from the new financial management approach. It introduces new tools that can be applied to the preparation, analysis of budgetary information and how governments at the subnational levels raise revenue.
The training seminar will be structured as a highly participative workshop with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered and opportunities are provided to learn and apply the key financial accounting and budgeting principles using practical examples and exercises.
At the end of this session, participants will be able to:
Demonstrate skills for budgeting processes and procedures in government.
Successfully build an integrated planning, budgeting and reporting process
Understand capital and operational budgeting
Deliver more timely and useful information to decision-makers.
This course also equips public service officers with skills to put in place corrective budgetary actions.
The Macroeconomic Environment for Public Sector Budgeting
Basic Principles of Macroeconomic and Fiscal Policy
State of the Nigerian Economy
Fiscal Responsibility Act 2007
Medium Term Expenditure Framework 2022-2023
The Dimensions of New Public Management (NPM)
Budgeting: Principles and Key Concepts
Overview of Budgeting:
Understanding the Context for Budgeting
The Benefit of Budgeting and its Role for Achieving Set Targets
Main Issues with Budget Preparation in the Public Sector.
The Budgeting Process
Call circular to trigger the preparation
Revenue and expenditure estimates
- Capital estimates
Legal commitments on specific services
Defending the budget estimates with the executive
Legislative examination of the budget (if relevant)
Assent to the budget.
Content and Structure of Operational Budget
Preparation of Operational Budgets
Outcome focused Budgeting in the Public Sector
Techniques for Forecasting Income and Costs
- Functional and Activity-based Budgeting
Zero based Budget
The Budgeted Income Statement
Adherence to Financial Regulations
Designated accounts for all revenues
Authority for funds spending.
Content and Structure of Capital Budget / Models
Principles of Capital Budgeting
Computer-based Financial Planning Models
Mastering MS Excel for building the budget
- Excel formulas for budget model
Custom formatting numbers
Formula Debugging & auditing techniques
Consolidating and linking Excel Workbooks
Grouping and Outlines.
Human/Behavioral Aspects of Budgeting
Budgeting and Responsibility Accounting
Financial and Non-Financial Performance Measures
Key Issues for the future of the Nigerian Economy and the role of the Tax office