The authority to incur expenditure to address natural disaster is contained in

Assessment: WAEC SSCE - Financial Accounting - 2022 (Objective) Subject: Financial Accounting

Question 1 Report

The authority to incur expenditure to address natural disaster is contained in
Answer Details
The authority to incur expenditure to address natural disasters is contained in a contingency warrant. A contingency warrant is a type of warrant that provides the authority to incur unforeseen or emergency expenditure that was not initially budgeted for. This type of warrant is used in situations where it is necessary to spend money urgently, such as in response to natural disasters, and where the expenditure could not have been predicted at the time the budget was prepared. Contingency warrants are issued by the Minister of Finance and are subject to strict controls to ensure that they are used only for the purposes for which they were intended.

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