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News

Senate to pass 2019 Budget on April 16th

written by Esther faroye April 2, 2019
Senate to pass 2019 Budget on April 16th

The Senate says it will pass the 2019 appropriation bill on the sixteenth of April. Senate President, Bukola Saraki, who made the announcement at plenary today said he has mandated the appropriation committee to submit its report between the ninth and eleventh of April.

 

He also urged various appropriation sub-committees to submit their budget reports by Friday. The senate just resumed after it had adjourned for two weeks to enable government ministries, agencies and parastatals defend their budget before the various committees.

Saraki said the upper legislative chamber will suspend plenary for a week to enable the committees tidy up their reports.

The eight point eight-two trillion naira budget has a recurrent expenditure of four trillion naira while two trillion naira goes for capital expenditure with two point two trillion naira and four hundred and ninety two billion naira for debt servicing and statutory transfers respectively.

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