Preparation and submission of budget estimates

(1) The Commission shall prepare and submit to the Minister, estimates of income receivable and the expenditure to be incurred during each financial year, including capital expenditure and such additional information and explanations as may be considered necessary, and the Minister shall present the said estimates to the National Assembly with such amendments and modifications, if any, as he may consider necessary. (2) The budget estimates referred to in this section shall be prepared not later than three months before the commencement of each financial year. (3) The financial year of the Commission shall be such period as may from time to time be prescribed, Provided that the first financial year of the Commission shall commence on the date of the establishment and constitution of the Commission and end on the 31st day of March next ensuing thereafter. (4) The Commission may delegate the preparation of the budget estimates to the Director General.