TOP STORY: Buhari signs N21.83trn 2023 budget into law | TheCable
has signed the 2023 appropriation bill of N21.83 trillion into law.Buhari also signed the 2022 supplementary appropriation bill of N819 billion into law at an event at the state house on Tuesday.
”We have examined the changes made by the national assembly to the 2023 executive budget proposal,” a statement issued by Femi Adesina, the president’s spokesperson, quoted him as saying.”The amended fiscal framework for 2023 as approved by the national assembly shows additional revenues of N765.79 billion, and an unfunded deficit of N553.46 billion.
“The national assembly also increased the provisions made by ministries, departments and agencies by N58.55 billion.” ”As I stated, the balance has accumulated over several years and represents funding provided by the CBN as lender of last resort to the government to enable it to meet obligations to lenders, as well as cover budgetary shortfalls in projected revenues and/or borrowings,” Buhari said.
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