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domestic debt service to-internally Generated revenue ratio for the period of 20072009, although below but was close to the 28%63% Debt Relief International(DRI) threshold for Domestic Debt Sustainability;
slightly increased to 14.78% in 2009, but projected to have declined in 2010. Comfortable IGR-to-Total revenue for Kano State is estimated at 40% of total revenue; region of N1billion as at December, 2010 is by far suboptimal; was 72: 28, although there were slight improvements in 2008 and 2009 respectively.
No
serious attempt was ever made to tap the opportunities offered by the capital market;
raising tax revenues, the actual amount of taxes flowing into the government Treasury, to a large extent, depends on the efficiency and effectiveness of the revenue collector; inadequate tax collections;
deficit through borrowing can cause unsustainable increases in the State public debt;
budgetary resource envelope, thus, affecting the governments ability to implement its policies and programmes and provide public services;
Unexpected dips in revenue collections also
cause budget cuts that result in major inefficiencies in the public expenditure management.
Public
delivered ;
Policy
and Strategy (P&S)-How policies and strategies for development are prepared and monitored.
horizon (3 years);
Stating the underlying key assumptions for the 3 year
Forecast;
In-depth analysis and evaluation of the 3 year forecast; A fiscal strategy paper, detailing the governments financial
objectives the governments policy under the medium term expenditure and revenue frameworks; contingent liabilities are involved
quality
of
government
and,
public goods;
Maintain strict adherence to budget
o an
appropriate mix of service delivery activities within and between sectors according to available resources;
and future expenditure commitments are consistent with a projected fiscal position of the State.
government to plan the use of resources in line with its financial policy and sub-national strategy;
Predictable and controlled budget execution is
relevant and reliable financial information is required to support all fiscal and budget management and decision-making processes
Current Practice and Areas that need urgent attention in PEM in Kano State
Extent of unreported government
operations These are government monies spent through off-budgets and there are currently no reports on these activities. This distorts PEMS and does not allow for comprehensive financial planning Loans to parastatals Loans from KSG to parastatals are not budgeted but large changes in these loans occur during the financial year, adding to the uncertainty of cash flow movements.
Current Practice and Areas that need urgent attention in PEM in Kano State-II
Donor financed projects Projects which are financed
by donor grants are mainly off-budget, and though some are included in the budget book as income under capital receipts, they are executed through separate bank accounts and there is no evidence that the expenditure is included in the public accounts
public sector entities KSG should monitor fiscal risks arising from independent bodies for which it may have to underwrite liabilities. Parastatals Some autonomous government agencies and public enterprises have large capital budgets and are able to borrow, for which a guarantee is usually given by KSG. Hardly any of these entities make profits to fund their operations.
has been carried out, it should therefore be a target for future work for the incoming Ministries of Finance/Budget and Planning. Fiscal forecasts Three-year forecasts of fiscal aggregates should be instituted by the MPB and should be classified by sectors. This greatly help public financial management and planning.
Management Unit (DMU) a debt sustainability analysis has been undertaken in 2006 for external debt only
Thank you!!