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PADDING IN 2017 BUDGET? National Assembly Raises 2017 Budget By N143b - Politics - Nairaland

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PADDING IN 2017 BUDGET? National Assembly Raises 2017 Budget By N143b by Alphafeezay(m): 10:28pm On May 09, 2017
Could this be padding?


The House of Representatives on Tuesday received the report of 2017 N7.30tn Appropriation Bill from its Committee on Appropriation for final consideration.

The report indicated that the committee increased the budget to N7.44tn, representing an addition of about N143bn to the one presented by President Muhammadu Buhari on Dec. 14, 2016.

After the receipt of the bill, the House referred it to the Appropriation Committee on Jan. 26, 2017, but its processing suffered delay due to the inability of other committees to tidy their reports in time.

Presenting the report at plenary, Chairman of the committee, Rep. Mustapha Dawaki, said that the committee worked with other committees in the House to arrive at the new figure for the budget.

According to the report, N434.4bn is for statutory transfer, N1.84tn for debt servicing and N177.46bn is for sinking Fund for maturing bonds.

The committee appropriated N2.99tn for recurrent (Non-Debt) expenditure, while N2.17tn was provided for contribution to the development fund for Capital Expenditure.

(NAN)


Source: http://saharareporters.com/2017/05/09/national-assembly-raises-2017-budget-n143b
Re: PADDING IN 2017 BUDGET? National Assembly Raises 2017 Budget By N143b by USAbabe(f): 10:33pm On May 09, 2017
Corruption fighting corruptioncorruption


APC senators welldone
Re: PADDING IN 2017 BUDGET? National Assembly Raises 2017 Budget By N143b by VictorVELOCITY(m): 11:59pm On May 09, 2017
Have you ever read the book called ANIMAL FARM?


that's what describe my dear country perfectly

NIGERIA IS A ZOO take it or leave it and our politicians are the greedy goats
and what animal are we who only REACT bt never confronts them ?
am just tired of this country

GOD SHOULD RESTORE NIGERIA TO FACTORY SETTINGS #backto1960

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