#PFMDAILY 1: Timing and Budget Presentation
The President has just given assent to the 2019 Appropriation Bill to become law. The 2019 federal budget becomes operational on May 27, a few days to the end of the fifth month in the year for a budget which should have started running in January.
Can we draw lessons from this?
Yes, it is possible for the authorities while disbursing the new budget to simultaneously start preparing the 2020 federal budget so that it will be ready on time for presentation in September 2019.
Challenges and situations like this should provide a springboard for next level change which corrects the mischief in existing practice.
The govt can afford to do better in budget management.