BREAKING NEWS

Metro

World

Spiritual

1 Dec 2016

President Buhari Proposes 2017 Budget, 24% Higher than 2016 Budget...See Details

Speaking exclusively to DailyTrust, a source to the presidency has disclosed that President Muhammadu Buhari has proposed a budget of N7.2 trillion for the 2017 fiscal year, adding that the Federal Executive Council approved the 2017 Appropriation Bill on Wednesday during a 6-hour meeting presided over by the president.

"The budget estimate that will be laid before the National Assembly for the year 2017 is N7.2 trillion. This is what FEC approved," the source hinted.

This is about 24% higher than the 2016 budget which is N6.06 trillion.

While briefing State House correspondents after the meeting, the Minister of Budget and Planning, Udoma Udoma, confirmed that the council approved the 2017 budget proposal, adding that the president would communicate the Appropriation Bill to the National Assembly; while the legislature would use its discretion to decide when it will be presented.

The minister also stated that the implementation of the 2016 budget had been affected by revenue shortfall. He, however, said the Federal Government had released N800 billion for capital projects and had paid 100 percent on personnel.

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Loading...

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian