The Peoples Democratic Party (PDP) has described the N6.8 trillion 2016 federal budget presented to the National Assembly by President Muhammadu Buhari as “a big fraud and executive conspiracy tailored towards mortgaging the future of the nation.”

The party faulted the President’s decision to borrow N2 trillion, describing it as the height of recklessness and deceit from a government that trends on propaganda.

In a statement issued on Tuesday by its National Publicity Secretary, Chief Olisa Metuh, the PDP accused the government of trying to use bogus welfare programme and phantom capital projects as cover and conduit to syphon the funds to satisfy partisan interests, particularly to settle huge campaign debts.

The statement said, “It is obvious that this budget is an extension of the campaign promises of the APC government, presented as a manifesto filled with bogus promises which implementation will be inconclusive, thereby allowing the APC to once again deny their promises.

“There has never been any known economy in the world where government deliberately mortgage the future of its nation by borrowing excessively to finance partisan interests while hiding under bogus welfare programmes... Continues at www.thenationonlineng.net

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