The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has commenced preparations for the 2027 Federal Government budget with the inauguration of a subcommittee to develop an implementable Finance Bill. The Subcommittee on Fiscal Policy and Tax Reforms was inaugurated in Abuja on Wednesday to review the implementation of existing fiscal and tax reforms and develop proposals that respond to current economic realities. The Finance Bill, which usually accompanies the annual budget, provides the legislative framework for fiscal policies and measures contained in the budget. Oyedele charged the committee, chaired by Permanent Secretary Raymond Omachi with Albert Folorunsho as co-chair, to ensure that the 2027 Finance Bill addresses emerging economic realities, noting that the exercise is not intended to rewrite the 2025 reforms but to preserve their fundamental principles.
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