name="monetag" content="ec3611baf049ae5af35940fc4c3dfa9e"> LATEST WORLD NEWS: BREAKING: Senate Steps Down Consideration Of Revised N10.509trn Budget

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Wednesday, June 10, 2020

BREAKING: Senate Steps Down Consideration Of Revised N10.509trn Budget




The Senate has stepped down deliberation on the revised N10.509 trillion 2020 budget forwarded to it by President Muhammadu Buhari for consideration.

This followed the inability of the Chairman of the Senate Committee on Appropriation, Senator Jubrin Barau, to submit the team’s report on the budget on Tuesday.
Addressing his colleagues during plenary in the upper chamber of the National Assembly in Abuja, the lawmaker attributed this to the failure of the Budget Office to capture the entire N500 billion intervention fund for COVID-19 in the Appropriation Bill.
According to him, while N314 billion is captured as part of the intervention fund, the balance of N186 billion proposed for the health sector was not captured in the revised budget.
He revealed that the budget office, in its response, explained that there was no need for the entire N500 billion to be captured in the budget since it was fully highlighted in the MTEF/FSP documents already passed by the Senate.

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