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Senate Reduces 2016 Budget By N17bn - Politics - Nairaland

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Senate Reduces 2016 Budget By N17bn by Nobody: 5:16pm On Mar 23, 2016
PUNCH: The Senate, on Wednesday, passed the 2016 Appropriation Bill and reduced the budget size from the initial N6.077trn presented to the federal parliament by President Muhammadu Buhari on December 23, 2015, to N6.060trn, a difference of N17bn.

The federal lawmakers approved the N1.587trn as the capital expenditure portion of the budget and the recurrent expenditure of N2.646.3trn.

They also approved N351.37bn as Statutory transfers, N1.475.3trn for Debt Service, and N2.2trn for Fiscal deficit.

The federal parliamentarians also adopted the oil benchmark of $38; Crude production of 2.2000m barrel per day and the exchange rate of N197 to $1 for the implementation of the budget.

Explaining how the difference of N17bn was identified, Chairman, Senate Committee on Appropriation, Senator Danjuma Goje, admitted that the 2016 budget proposal contained a number of errors of omissions, particularly in the area of personnel cost.

He said his committee therefore filled some of the gaps would could still raise serious concerns in the course of the year because there were many outstanding cases.

Senate President, Bukola Saraki, explained after the formal passage of the appropriation bill that his colleagues had done his part and requested the president to do the needful by signing it to law for immediate implementation.

http://www.punchng.com/update-senate-passes-reduces-2016-budget-by-n17bn/

2 Likes

Re: Senate Reduces 2016 Budget By N17bn by Thescienceprof(m): 5:21pm On Mar 23, 2016
It was only a matter of time. We are watching in 3d
Re: Senate Reduces 2016 Budget By N17bn by Nobody: 5:23pm On Mar 23, 2016
Explaining how the difference of N17bn was identified, Chairman, Senate Committee on Appropriation, Senator Danjuma Goje, admitted that the 2016 budget proposal contained a number of errors of omissions, particularly in the area of personnel cost

thank God the senate was objective and inexorable enough to decline Buhari's attempt to lobby the NASS into passing the budget with anomalous figures in other to legitimately divert public funds to his personal bursary.

We are no longer susceptible to political skulduggery.

36 Likes 6 Shares

Re: Senate Reduces 2016 Budget By N17bn by ajani1978(m): 5:48pm On Mar 23, 2016
blueto:


thank God the senate was objective and inexorable enough to decline Buhari's attempt to lobby the NASS into passing the budget with anomalous figures in other to divert public funds to his personal bursary.
You need medical attention

60 Likes 4 Shares

Re: Senate Reduces 2016 Budget By N17bn by Nobody: 5:57pm On Mar 23, 2016
ajani1978:
You need medical attention
Must Zombies resort to insulting someone?

why not attempt to refute my assertion or message instead of using opprobrious phrase against me?.




BillzCarter:
You mean the NASS that misplaced budget?
The budget was later ascertained and withdrawn. the second budget submitted by Buhari was full of errors. Even Buhari himself admitted it!.

Budget 2016 full of errors, can't be passed - NASS - Vanguard...
http://www.vanguardngr.com/2016/02/budget-2016-full-of-errors-cant-be-passed-nass/


Botched budget 'embarrassing', says Buhari - Vanguard News

http://www.vanguardngr.com/2016/02/botched-budget-embarrassing-says-buhari/

Be objective please.




barcaboi:

all these english won't help you sound learned or doesn't make you more intelligent. .....
1. what is your point about the budget?
which budget have Nigerians followed openly and judiciously like this particular one; how many budgets have we seen lawmakers oppose and adjusted openly like this......beauty of democracy

2. Does admitting the mistakes in it make him a bad person?
he sacked the man in charge of the ministry that he appointed himself. ...does that ring a bell? Abba Moro was left to run the ministry for years after the Immigration scandal.....this is a no nonsense manband he swung to action straight appointing experts to monitor the ministry.
face the topic and stop throwing grammar about like we did not pass through the walls of a school.
....
Now I descry that you are so credulous to assent to buhari's gambit of exculpating himself from the consequences and animadversions of orchestrating a botched budget by solely indicting his subjects as being guilty of malfeasance.

In Nigeria, the Head of State(president) possesses the purview and remittance to prepare the national budget with the auxiliary assistance of the Ministry of Finance or Ministry of Budget and Planning.

Don't be easily deluded by the skulduggery of political partisans.

64 Likes 8 Shares

Re: Senate Reduces 2016 Budget By N17bn by Kessyy2k4(m): 6:08pm On Mar 23, 2016
passage of dis budget is long overdue! pass it let implementation commence ASAP

2 Likes

Re: Senate Reduces 2016 Budget By N17bn by makingsense(m): 8:08pm On Mar 23, 2016
Explaining how the difference of N17bn was identified, Chairman, Senate Committee on Appropriation, Senator Danjuma Goje, admitted that the 2016 budget proposal contained a number of errors of omissions, particularly in the area of personnel cost.


Those who did this error of omission...I know ur plan!!!

9 Likes 2 Shares

Re: Senate Reduces 2016 Budget By N17bn by bunmioguns(m): 8:08pm On Mar 23, 2016
undecided


Please permit me to ask



What's the essence of this useless budget self?



embarassed

12 Likes 1 Share

Re: Senate Reduces 2016 Budget By N17bn by Zellie: 8:10pm On Mar 23, 2016
Buhari sef sad
Re: Senate Reduces 2016 Budget By N17bn by Sunnycliff(m): 8:10pm On Mar 23, 2016
Let them start the implementation joor! No time. #17bn is the padded amount, thank God it's been scrapped!

12 Likes 1 Share

Re: Senate Reduces 2016 Budget By N17bn by tbaba1234: 8:10pm On Mar 23, 2016
Let governance begin...

1 Like 1 Share

Re: Senate Reduces 2016 Budget By N17bn by blackpanda: 8:10pm On Mar 23, 2016
blueto:


thank God the senate was objective and inexorable enough to decline Buhari's attempt to lobby the NASS into passing the budget with anomalous figures in other to legitimately divert public funds to his personal bursary.

We are no longer susceptible depraved subtle motives!.

Pls shut up and stop talking trash!

21 Likes 2 Shares

Re: Senate Reduces 2016 Budget By N17bn by HIGHESTPOPORI(m): 8:10pm On Mar 23, 2016
Let the Change begin,no more excuses

1 Like 1 Share

Re: Senate Reduces 2016 Budget By N17bn by damton(m): 8:11pm On Mar 23, 2016
Baba can now ride on
Re: Senate Reduces 2016 Budget By N17bn by jericco1(m): 8:11pm On Mar 23, 2016
thank God it didnt go missing again

1 Like

Re: Senate Reduces 2016 Budget By N17bn by blackpanda: 8:11pm On Mar 23, 2016
makingsense:
Where is the money reduced going to??

Do you even know what budget means

25 Likes 1 Share

Re: Senate Reduces 2016 Budget By N17bn by olassy239(f): 8:11pm On Mar 23, 2016
Senate wahala. Y didnt they reduce the money meant for the purchace of their car

10 Likes 2 Shares

Re: Senate Reduces 2016 Budget By N17bn by oojehshez(f): 8:11pm On Mar 23, 2016
dem try, op dey will implement everytin wey dey insyd on tym
Re: Senate Reduces 2016 Budget By N17bn by eke96: 8:11pm On Mar 23, 2016
No problem as far as its for good.


Like if you believe in Buhari .
Share if you don't.

45 Likes 29 Shares

Re: Senate Reduces 2016 Budget By N17bn by EagleScribes: 8:12pm On Mar 23, 2016
We are watching. I hope it won't be another budget of yams.

No room for excuse again
Re: Senate Reduces 2016 Budget By N17bn by kennyman2000(m): 8:12pm On Mar 23, 2016
Okay. And we can now start seeing the change. Shebi
Re: Senate Reduces 2016 Budget By N17bn by babyfaceafrica: 8:12pm On Mar 23, 2016
So?...will that stop saraki case?
Re: Senate Reduces 2016 Budget By N17bn by PRYCE(m): 8:12pm On Mar 23, 2016
Great!
Re: Senate Reduces 2016 Budget By N17bn by ademusiwa1f: 8:12pm On Mar 23, 2016
.

alot of you need to go to school

1 Like

Re: Senate Reduces 2016 Budget By N17bn by ChappyChase(m): 8:13pm On Mar 23, 2016
Should I applaud this or I should just 'sidon dey look?'
Re: Senate Reduces 2016 Budget By N17bn by macaranta(m): 8:13pm On Mar 23, 2016
cool ...let's see how it goes
Re: Senate Reduces 2016 Budget By N17bn by encryptjay(m): 8:13pm On Mar 23, 2016
Choi, see money
In God we trust
Re: Senate Reduces 2016 Budget By N17bn by makingsense(m): 8:15pm On Mar 23, 2016
blackpanda:


Do you even know what budget means

No kindly help me out.. thanks in advance!!
Re: Senate Reduces 2016 Budget By N17bn by blackpanda: 8:18pm On Mar 23, 2016
makingsense:


No kindly help me out.. thanks in advance!!

U welcome.
Re: Senate Reduces 2016 Budget By N17bn by damola311: 8:19pm On Mar 23, 2016
oh boy... what a government

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