Finally, senate receives 2018 budget report

  • Finally, senate receives 2018 budget report

Finally, senate receives 2018 budget report

In November 2017, President Muhammadu Buhari presented the budget of N8.612 trillion to the parliament for passage.

The details of the budget were listed on the order paper available at the Nigerian Senate on Tuesday, May 15.

Speaking during today's House sitting, Yusuf Lasun, Deputy Speaker of the House of Representatives, said the lawmakers are expected to pass the budget on Wednesday or Thursday.

The budget report was laid during Tuesday plenary by Danjuma Goje, chairman, Senate Committee on Appropriation and Mustapha Dawaki, chairman, House Committee on Appropriation on the floor of both chambers.

The presentation of the report was seconded by the Chairman, Senate Committee on Public Accounts, Senator Matthew Urhoghide, PDP, Edo South.

The original budget spending plan was N8.6 trillion.

The Senate had on several occasions accused Ministries, Departments and Agencies, MDAs, of not keeping to appointments with the various standing committees to defend their budgets.

The National Assembly and the Executive had since engaged each other in a blame game over the delay in passing the budget.

It also added that the sum of N199 billion is for sinking fund for maturing loans; N3,516,477,902,077 is for recurrent (non debt) expenditure while N2,869,600,351,825 is for development fund capital expenditure.