Senate to receive 2018 budget report today

Daniel Fowler
May 15, 2018

The details of the budget were listed on the order paper available at the senate.

President Buhari had on November 7, 2017 presented a budget of N8.6 trillion before a joint session of the National Assembly.

Report of the 2018 budget has been finally laid in the Senate.

It also added that the sum of N199 billion is for sinking fund for maturing loans; N3,516,477,902,077 is for recurrent (non debt) expenditure while N2,869,600,351,825 is for development fund capital expenditure.

This is part of the recommendations of the Committee of Appropriations in its reports submitted by Senator Danjuma Goje.

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The Senate and House of Representatives had promised to pass the budget in the last week of April this year but failed to do so.

"Members should pick up copies of the budget tomorrow (Wednesday) morning and we will pass the budget later in the afternoon".

The Minister confirmed that the 2018 budget preparation is at its final stages in the National Assembly, and should be passed by the end of April for transmission to the President.

However, Senate President Bukola Saraki attributed the delay in approving the money bill to failure of heads of ministries, departments and agencies to defend the budget before their respective committees.

But the report on the budget was not laid in either of the chambers.

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