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| Senate President, Saraki |
After a week of delay, the
National Assembly is finally ready to pass the N6.077 trillion 2016 Budget
today following the laying of the Budget report by the Appropriation committees
of both chambers yesterday.
The long expected passage would
be preceded by the clause-by-clause consideration of the report during the
Committee of the Whole.
A copy of the report laid by
the Senate Appropriation Committee showed that there are no significant differences
in the budget estimates laid by President Muhammadu Buhari to a joint session
of the National Assembly on the 22nd of December last year and the one laid
yesterday at both chambers.
The breakdown of the Budget
reports received by the Senate and the House of Representatives from their
respective Appropriation Committee, which also tallied with projections made in
the document presented to the National Assembly by President Buhari in December
last year, were the total budget profile of N6.077 trillion and N351.3 billion
for statutory transfers.
Others are: N1,475,320,000,000
for debt service, N2,648,600,000,000 for Recurrent (Non-Debt) Expenditure,
N1,845,540,000,000 inclusive of N157,150,000,000 for borrowing andN1.8 trillion
for capital expenditure as against N557 billion it was in 2015.