The Senate on Wednesday, passed the 2016 Appropriation Bill sent to joint
session of the national assembly by President Muhammadu Buhari, on
December 22 last year.
The Senate Committee on Appropriation presented a budget of 6.06 trillion Naira to the Senate for passage.
In the report, the Committee of Appropriation set recurrent expenditure at 2.6 trillion, capital expenditure at 1.5 trillion and fiscal deficit at 2.2 trillion.
The Committee observed that the executive presented the budget late to the National Assembly and this has subsequently delayed the passage.
The Committee also noted that the budget, as presented by the executive, was fraught with inconsistencies as some Ministers disowned their budgets.
The Committee is recommending that going forward, the Budget Office must work with MDA’s in preparing the budget to avoid the problem of inadequate revenue for MDA’s.
Edited from Channels TV
Good for them
ReplyDeleteGreat news.
ReplyDeleteGreat news!!!
DeleteSee dem,useless looters
ReplyDeleteMc pinky
I hope money will be in circulation now
ReplyDeleteAbi oh
Delete@ last!
ReplyDeleteder Haushalt ist nicht meine Sorge aber nutzlos Plünderer
ReplyDeleteMc pinky
@Adeniji, abeg getout of here...
DeleteWe are talking money,you are here speaking in tongues.
Ode
Thank God. Maybe the economy would be better now, just maybe.
ReplyDeleteFinally
ReplyDeleteAt least employers will stop using budget to lie again
ReplyDeleteExactly.
DeleteOkay
ReplyDeleteAt last the budget has been passed.
ReplyDeleteLet money be in circulation biko
Could this be a trade by barter; I pass the budget, you let saraki go?
ReplyDeleteIf so,why all the drama and delay?
After unpadding,it's still 6 trillion. Ook
ReplyDeleteResult of last night closed door meeting.
ReplyDeletePadded budget
ReplyDelete* BelieveAll Signing Out*
Great news
ReplyDelete