As government considers the ‘Orosanye Panel’ report on rationalising the size of government and the civil service, the Fiscal Responsibility Commission (FRC) says its activities are not a duplication of other agencies.
According to a statement, FRC Chairman Victor Muruako stated this while assessing the performance of a technical team from the International Monetary Fund (IMF) deployed to establish Fiscal Responsibility Monitoring Framework in Abuja.
Muruako lamented that “in spite of the many achievements of the Commission, it still encounters stakeholders that appear to be finding it difficult to understand where and how to accommodate the Commission in the public finance management ecosystem”.
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He affirmed that the FRC “is a fiscal reform organization that has had to use hard work and integrity to break through the fog and deliver on its mandate, which is unique and not a duplication of any other agency’s as assumed in the report of the Orosanye Panel”.
The FRC Chairman noted that the Fiscal Responsibility Commission has been very well received by citizens and the Federal Government alike since its establishment over a decade ago.
He posited that “the use of legislation to moderate the behavior of fiscal agents and replace discretionary powers with fiscal rules, ceilings and timelines is reckoned in all decent circles as most proper for a fiscal environment that has suffered considerable abuse”.
Accordingly, Victor Muruako appealed to the National Assembly to conclude the amendment of the Fiscal Responsibility Act which went through Public Hearing in the Senate over a year ago.