The federal government’s economic team and the International Monetary Fund will begin consultations over the budget for the next fiscal year 2023-24 from next week during which the global lender will be taken into confidence that will be in accordance with the terms agreed with it.
Sources said the Federal Board of Revenue had already met the IMF team present in the country last week and briefed it on the progress made so far in the budgeting process for the next financial year as well as its initial characteristics.
The first part for the next financial year’s federal budget is in its final stage of preparation.
It will include the expenses incurred by the ministries and divisions in the current financial year, the completed projects as well as ongoing ones, and other details.
It will also carry the details of the government’s performance in the current financial year. Estimates for the next fiscal year are in progress.
