Tuesday, 28 April 2015

Senate passes 2015 budget

ABUJA – THE Senate, Tuesday, passed the sum of N4.493 trillion budget for the 2015 fiscal year, but with an increment of N135.4 billion above what the executive arm of government earlier prepared and submitted to the National Assembly for approval.

The passage followed the adoption of the report of the Senate Committees on Appropriations and Finance on the 2015 Appropriation Bill, tabled before the Red Chamber by the Chairman, Senate Committee on Appropriation, Ahmed Maccido, APC, Sokoto North, during its plenary.

But Chairman, Senate Committee on Public Accounts, Ahmad Lawan, APC,Yobe North, hinted that in spite of the passage, the National Assembly was still be expecting the President-elect, Muhammadu Buhari, to send a supplementary budget to the 8th Assembly, when he assumes power from May 29, 2015.

Lawan faulted the budget passed, saying there was no balance between capital allocation and recurrent expenditure proposed just as he regretted that the passage of the budget was carried out late by the legislature.

Details later.

Source: Vanguard


Related Posts Plugin for WordPress, Blogger...