Fiscal year defined by law, not calendar, says budget office

The Director-General of the Budget Office of the Federation, Tanimu Yakubu, has clarified that the fiscal year is determined by legal statutes rather than the conventional calendar year. This statement comes in response to concerns regarding the postponement of the release of recent budget documents. Yakubu emphasized that adherence to the legal framework is essential in the budgeting process, which may lead to variations in publication timelines. The clarification aims to address public inquiries about the implications of the delay on fiscal planning and government operations.

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