Why NASS Added N500bn To 2018 Budget – Senator
Shehu Sani, Senator representing Kaduna Central at the National Assembly, has revealed why the National Assembly decided to add N500 billion to the 2018 Appropriation Bill.
The National Assembly on Tuesday increased the size of the 2018 budget to N9.120 trillion, up from N8.612 trillion presented by President Muhammadu Buhari last November.
The details of the budget were listed on the order paper available at the senate yesterday.
The 2018 Budget report was laid on the floor of plenary by the Chairman of the Senate Committee on Appropriations, Senator Danjuma Goje.
Reacting in a statement on Wednesday, Sani said the increment followed “close consultations and agreement between the National Assembly led by the Approriation committee and the Executive”.
It’s true that the 2018 budget was jerked up from its original 8.6 trillion to 9.1 trillion.That happened in close consultations and agreement between the National Assembly led by the Approriation committee and the Executive.The commitee confirmed this.
— Senator Shehu Sani (@ShehuSani) May 16, 2018
Some of the changes made include an increase in recurrent expenditure from the proposed N3.49 trillion to N3.51 trillion.
Also, capital expenditure was up from N2.42 trillion to N2.86 trillion, while debt service was also increased to N2.20 trillion from N2.01 trillion.