Introduction of a New Accounting System and Formaton
Prior to the Ministry ceding the Department of Budget to the Benue State Planning Commission, it introduced a new budget system and format. The new accounting system is electronic in nature, making for accountability and transparency in all government transactions and enhancing budget tracking.
The Ministry is also carrying out reforms in Public Expenditure Management aimed at enhancing transparency, efficiency and accountability and also improving on the quality of governance. A new budget format with clear cut responsibilities has been introduced. It was part of plans by the MOF & EP to involve communities, civil society organizations and donors in the budget process. Even as the Budget Department has been excised to the Benue State Planning Commission, Ministry of Finance and Economic Planning continues to pursue these changes that have revolutionized financial management in the State. There are plans to have treasury buildings in all the 23 local governments headquarters in the state.