Lagos Assembly receives report on 2019 budget, steps down debate - Vanguard News

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Lagos Assembly receives report on 2019 budget, steps down debate - Vanguard News
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Lagos Assembly receives report on 2019 budget, steps down debate vanguardngr.com vanguardnews

Reports have it that the House Committee on Economic Planning and Budget, on Friday, presented its report after about 80 days that Gov. Akinwunmi Ambode laid the 2019 budget proposal of N852.316 billion before the assembly.

According to him, the total revenue proposed for 2019 is believed to be realistic but the Internally Generated Revenue Order needs to be reduced as the empirical reports do not support level of collection.Yishawu, who highlighted areas where revenues, subventions and expenditures needed to be reduced, increased or included from one sector to another, recommended that all MDAs must operate within the enabling appropriation law.

He added that the ministry of economic planning and budget should ensure that accountants and planning officers across MDAs were retrained on the budgeting exercise.“Henceforth, the commissioners for the ministries of economic planning and budget and Finance as well as the Accountant General should forward quarterly reports on the financial status to the house of assembly.

The Majority Leader, Mr Sanai Agunbiade, who said that the reports was technical and required proper debate, moved that the deliberation on the report be moved to another day.

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