ADETUNJI, J. K.2023-06-132023-06-132010-02-16https://nigeriareposit.nln.gov.ng/handle/20.500.14186/719Budget and budgetary processes are an indispensable tool in the hands of governments all over the world to re-align policy objectives and eliminate fiscal distortions. They run in most cases, over a given time frame (usually a year). Used properly, budgets not only eliminate distortions but provide a yardstick to measure how well the challenges of infrastructural provisions and social services are managed or distributed. They make for an interplay of micro and macro-economic policies and programs to sustain an economy on the path of growth, increased earnings and reduction in deficits.Introduction; Budget Implementation Reporting: Rationale (1); Budget Implementation Reporting: Rationale (2); Budget Implementation Reporting: Mandate (1); The 2005 Reforms & the FRA 2007 (1); The 2005 Reforms & the FRA 2007 (2); The 2005 Reforms & the FRA 2007 (3); Other Functions of the BME Dept. The BME Template: Parts; The BME Template: Uses; The BME Template: Drawbacks & Challenges; Statistical Data of Projects Monitored (2006); Statistical Data of Projects Monitored (Jan – Sept 2009); BME: Lessons & Experiences (1); BME: Lessons & Experiences (2); BME: Lessons & Experiences (3); ConclusionenArticle