Coronavirus: FG reduces 2020 budget, suspends recruitments
Hajiya Zainab Ahmed, Minister of Finance, Budget and National Planning, who disclosed this while addressing State House correspondents on Wednesday, said the proposed budget cut of N1.5trillion, which must be approved by the National Assembly would include N457 billion from Premium Motor Spirit under-recover.
“So, all of these would have their recurrent expenditure and capital expenditure cut down by 25 per cent. “But I can just say that the bulk cut is about N1.5 trillion, the reduction in the size of the budget. And this includes N457 billion from PMS under-recovery,’’ she said. Ahmed revealed that the Council approved that recruitment into the civil service should be suspended but the current federal government workforce would be maintained.
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