Ministry of Finance and Economic Development is established to, among other, initiate policies that ensure sustainable and equitable economic development as well as macroeconomic stability in the country; establish a system for the preparation and implementation of national development plan; follow-up and evaluate the performance of general, sectoral and multi-sectoral development plan; initiate macro-economic and fiscal policies that particularly serve as a basis for taxes and duties and follow-up implementation of the same; prepare the Federal Government budget, make disbursements in accordance with the budget approved and evaluate the performance of the budget