President Muhammadu Buhari has concluded plans to send a supplementary budget to the National Assembly.

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The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, disclosed this to our correspondent on Sunday.

Adesina was answering questions on what the Federal Government would do since it had exhausted its borrowing limit in the 2015 budget and the Debt Management Office had continued to issue fresh government bonds and treasury bills.

The presidential spokesman said the Ministry of Finance had already prepared a letter to be sent to the National Assembly, suggesting a supplementary budget for the country.

He said the President was expected to sign the letter once he returns to the country from New York where he is currently attending the 70th United Nations General Assembly.

He said the supplementary budget, once approved, would then empower the DMO.

“A letter has been written to the National Assembly suggesting a supplementary budget and the President will sign the letter when he returns to Nigeria,” he said.


http://www.punchng.com/news/buhari-to-send-supplementary-budget-to-nassembly/

First step in the right direction.

Let it cover APC's manifesto as much as possible and get the drums rolling and the ground running.

MUSIC TO MY EARS! LET IT CIRCULATE!!!

What is the breakdown of the budget?

How many of you are sensing what am sensing?..... In Dogara's voice, waiting for BUBU

HOW IN GODSNAME IS THIS GOOD NEWS. YOU LEFT OUT THE MOST IMPORTANT ELEMENT IN THIS REPORT. THE REPORT STATES THAT THE GOVERNMENT HAS EXHAUSTED ITS BORROWING LIMIT IN THE 2015 BUDGET AND SO HAS RESULTED TO MAKING A SUPPLEMANTARY BUDGET SO AS TO ABLE TO MAKE EXPENDITURE. THAT MEANS WE HAD A BUDGET DEFICIT IN THIS YEAR AND COULDN'T EVEN MAKE DO WITH THE USE OF FINANCIAL INSTRUMENTS AND BORROWING. HOW IN GODS NAME IS THAT A NOTABLE THING. THIS IS EVEN BEING DONE WITHOUT THE GUIDANCE OF AN ECONOMIC TEAM AND A FINANCE MINISTER. THIS GOVERNMENT IS SO STUPID, AND IGNORANT, THAT IT DOES NOT EVEN REALISE THAT IT IS BURING ITSELF IN IRREGULARITIES AND ABUSE. I PITY THE PRESIDENT, HIS WIFE AND CHILDREN, FOR LONG AFTER THEIR EXIT FROM THE VILLA, THE NAME "BUHARI" WILL BE REGARDED AS AN EMBLEM FOR EVIL AND FAILURE.

The main budget don finish,una borrow e never still do. Another borrowing don come. Still no cabinet in place,sole Administrator Buhari ride on.