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Nairaland Forum / Nairaland / General / Politics / Saraki's Speech As Buhari Presents 2017 Budget (11694 Views)
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Re: Saraki's Speech As Buhari Presents 2017 Budget by SolomonAdeola: 7:25pm On Dec 23, 2016 |
DropShot: Pardon me, but this is not totally correct. The new budget takes effect immediately it is approved. However, the Executive can continue to operate on the prior year budget for up to six months, but must not exceed the limit of the prior year appropriation. The Constitution allows for this in anticipation of a few issues that comes up between Executive and Legislature. So if the budget is appropriated today, it takes effect January 1, 2016. Thanks |
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