Contact Address Details:
Ministry
of Finance & Economic Affairs
Banjul capital office
(MOFEA)
The Quadrangle
The Gambia, West Africa
Tel no: +220 4227529
4227221
Fax:
4227954
Email: info@mof.gov.gm
Director of National Treasury
Tel/Fax: 4227286
IFMIS Project Manager
Tel: 4228912
4228984
4228506
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Background Information:
In The Gambia, MOFEA is the finance ministry responsible for
the national budget. The budget process begins each
June with the ‘Call Circular’ in which the MOF outlines the
economic forecast against which budget ceilings are allocated
to sectors/departments for both recurrent and development
expenditures.
Following
the distribution of the call circular, departments prepare
their budget proposals for submission and discussion at meetings
with the MOFEA, where they try to justify and argue for their
budget proposals. These bilateral meetings are attended by
budget and planning and officials. Sectors also defend their
manpower budget proposals at the Personnel Management Office
(PMO) for the approval of newly created staff positions.
At the conclusion of the bilateral meetings, the MOFEA compiles the ‘Revenue and Expenditure Estimates’ and submits a draft to
Cabinet for its scrutiny and approval. A second draft incorporating Cabinet
comments is then submitted to the
National Assembly for scrutiny and
approval. The Secretary of State for Finance and Economic Affairs
presents the Appropriation Bill before parliament.
As in the UK, Parliament’s role
has largely been to rubberstamp executive draft budgets without any
alterations.
Once the budget has been approved by parliament, its implementation
takes effect at the start of the fiscal year in January and the MOFEA
appropriates revenue to sectors for that year's spending. The
Permanent Secretaries are the responsible Accounting Officers charged
with the control and execution of departmental expenditure.
The department has overall supervisory role of the
Central Bank.
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