…May pass N7.441trn budget tomorrow By Henry Umoru & Emman Ovuakporie ABUJA — AFTER a long wait, the National Assembly, yesterday, finally laid the the 2017 Budget, even as both chambers of the legislature will today begin debate on the harmonized report of the Appropriation Bill with a slight increase of about N143 billion. Meanwhile, following the submission of the report of the Appropriation Bill by Senate and House of Representatives Committees on Appropriations separately, the Senate said, yesterday, it would today begin clause-by-clause consideration of the bill and might pass it into law tomorrow. The Appropriation Bill was laid by Danjuma Goje, Chairman of the joint committee, seconded by Senator Sunny Ogbuoji. The report of the budget, as presented by the Joint Senate Committee on Appropriation and Finance at yesterday’s plenary, was carried out five months after its presentation by the President. Senate chamber The joint committee on appropriation, however, raised the budget figure of N7.298 trillion as presented by President Muhammadu Buhari to N7.441 trillion, meaning an addition of about N143 billion. According to the report, N434.4 billion is for statutory transfer; N1.84 trillion for debt servicing and N177.46 billion as sinking fund for maturing bonds. The report also indicated that N2.99 trillion was appropriated for recurrent (non-debt), while N2.17trillion was provided as contribution to the development fund for capital expenditure. Briefing journalists after the session, Chairman, Senate Committee on Media and Public Affairs, Aliyu Sabi Abdullahi, noted that unlike last year’s budget, the 2017 budget would be passed along with the details. He, however, explained that both chambers of the National Assembly would pass a harmonised budget after the clause-by-clause consideration. Receiving the report, Senate President, Dr Bukola Saraki, disclosed that senators were yet to receive both hard and soft copies of the budget, but assured that lawmakers would get soft and hard copies today. Meanwhile, Chairman, House Committee on Appropriation, Mustapha Dawaki (APC, Kano), had presented and laid the budget report before the House barely 45 minutes after the Senate laid its own, yesterday. However, in the report laid before the House, the Appropriation had increased from the initial 7.29 trillion to N7.441trillion, indicating an increase of N143 billion. Presenting the report during plenary, Dawaki said the committee worked assiduously with various committees to arrive at the document.

Read more at: http://www.vanguardngr.com/2017/05/nass-increases-2017-budget-n143bn/


Lalasticlala
Mynd44

NASS! NASS! NASS! HOW MANY TIMES DID I CALLED YOU?

Hausa people always in juice positions yet no development.

okayoooo... use your chance well well.

ppl be shouting buhari being the cause of the recession and leave their senators to milk them dry

If only these budgets are religiously followed as outlined,Nigerian would have been more developed than most European countries.
but e nogo beta fr diz looters as dem dey loot our c'wealth God go dey loot dia p'wealth.

diportivo:
ppl be shouting buhari being the cause of the recession and leave their senators to milk them dry

Imagine that amount of money.

Onwardvic:
If only these budgets are religiously followed as outlined,Nigerian would have been more developed than most European countries.
but e nogo beta fr diz looters as dem dey loot our c'wealth God go dey loot dia p'wealth.

It won't have any effect on our economy at all. Those people, ehen!

That is the amount the Senate approved for subsidy in 2015.

let them pass it... the federal government knows which part not to implement

If only the contents of the budget would be implemented to the end

The budget been passed someone post story nairaland server busy let's crash it. I see other able to post threads but not me.

http://www.premiumtimesng.com/news/230970-breaking-house-reps-passes-2017-budget.html

After been padded, it's passed finally.