Senate begin consideration of 2016 Budget today.

The Senate Committee on Appropriation
is presenting a budget of 6.06 trillion
Naira budget to the Senate for passage.

In the report, the Committee of
Appropriation has set recurrent
expenditure at 2.6 trillion, capital
expenditure at 1.5 trillion and fiscal
deficit at 2.2 trillion.

The Committee observed that the
executive presented the budget late to
the National Assembly and this has
subsequently delayed the passage.

The Committee also noted that the
budget, as presented by the executive,
was fraught with inconsistencies as
some Ministers disowned their budgets.

The Committee is recommending that
going forward, the Budget Office must
work with MDA’s in preparing the budget
to avoid the problem of inadequate
revenue for MDA’s.