The Nation Newspaper FCT’s N98.5bn supplementary budget suffers setback in Senate
The resolution of the Senate followed complaints by senators that there was no profile, including budget performance, sources of revenue, and the specific areas where the amount would be expended, were not included in the Bill.Bamidele in his lead debate, said the FCT 2024 Statutory Supplementary Appropriation Bill seeks to authorise the issue from the Federal Capital Territory Administration Consolidated Revenue Fund of the Federal Capital Territory Administration Account, the total sum of N98.
Senator Ede Dafinone in his contribution raised concerns over the unavailability of a breakdown of the budget. “We are given two generic headings, total revenue proposed N98.5 billion and total expenditure proposed N98.5 billion. “When we are presenting a budget, it is supposed to come with a profile or a breakdown of what the expenditure is, what the source of the revenue is, what is the performance of the previous budget, and then from there, we deliberate on it.
He said: “Without any reservation, I agree with the observation made by distinguished Senator Sani Musa and of course through the voice vote of our colleagues.
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