Stats: 3,187,647 members, 7,932,876 topics. Date: Tuesday, 27 August 2024 at 02:13 PM |
Nairaland Forum / Nairaland / General / Politics / Buhari Will Present 2017 Budget Before Year Runs Out – Minister (454 Views)
FCT Residents To Pay For Infrastructure As Govt Backs Out – Minister / Foreign Reserves Rise To $30.5B As CBN Targets $40B Before Year End / Buhari To Sign Budget Before Leaving For France Friday (2) (3) (4)
Buhari Will Present 2017 Budget Before Year Runs Out – Minister by TheHerald: 8:06am On Nov 22, 2016 |
The Minister of State for Budget and Planning, Zainab Ahmed, says the Executive Arm of Government may complete work on the 2017 budget proposal in the next two weeks. The minister gave the indication that the budget would be sent to the National Assembly before the end of the year after an interactive meeting with a Joint Committee on Appropriation in the National Assembly. She said work on the document was at an advanced state and would soon be ready for submission to the National Assembly. “The 2017 budget process is in its advanced stage. We still have to take it to the Federal Executive Council before submitting it to the National Assembly. “The executive side should be able to complete its process in the next two weeks,” she added. In a similar vein, the Minister of Budget and National Planning, Senator Udoma Udo Udoma, also revealed that the 2017 Appropriation Bill was almost ready. However, the minister, who was expected to speak about the 2017 budget proposal declined making comment on that, saying it was because the document had not been submitted to the National Assembly. “The good news is that it is almost ready,” he said. “We are almost through with our consultations with the National Assembly on the Medium Term Expenditure Framework, and the outlines of the 2017 Budget, and will soon be submitting it to the National Assembly for their consideration. “Without giving anything away, I can assure you that the Budget will be targeted at stimulating private sector investment. The government believes that it is only by partnering with the private sector that we can propel the economy out of recession and onto the path of sustainable growth,” he added. Commenting further on the 2016 budget, Udoma said in addition to the total of N2.44 trillion so far released for capital expenditure, non-debt recurrent and service-wide vote expenditure, a total of N1.138 trillion had also been paid out in domestic and foreign debt service expenditures, saying this included the N44 billion transferred to the Sinking Fund to retire maturing obligations. Udoma disclosed that to date, budget personnel cost and debt service obligations had been fully met, noting that, additionally, government has done reasonably well in the challenging circumstances with respect to capital expenditure. “It is noteworthy that the total amount of N753.6bn already released for capital expenditure in 2016 is the highest in the nation’s recent history, even in the era of high oil prices. “Indeed, the capital releases to date exceed the aggregate capital expenditure budget for 2015 of about N700billion, inclusive of capital expenditure in statutory transfers. “Despite fiscal challenges, government is committed to meeting its debt obligations while funding critical sectors to enable government to function smoothly, as we continue to work out lasting solutions to the issues of revenue shortfalls”. The minister also highlighted the Nigeria’s Economic Recovery and Growth Plan (NERGP) 2017 -2020, saying “all these reforms and initiatives, and many more, most of which will be reflected in the 2017 Budget, are being brought together in a single document to be called Nigeria’s Economic Recovery and Growth Plan (NERGP).” He added that the document would present a coherent summary of Nigeria’s short and medium term economic plans for the period 2017-2020, saying by putting government strategies,directions, policy priorities and intended initiatives in one place, other stakeholders were better able to take their own strategic economic decision. He further disclosed that the NERGP would focus on five broad areas, namely: macroeconomic policy, economic diversification and growth drivers, competitiveness, social inclusion and jobs, and governance and other enablers, assuring that there would be a major emphasis on implementation and monitoring of the NERGP. Read more at http://www.herald.ng/buhari-will-present-2017-budget-year-runs-minister/#P5HLrziOxO3JsFQf.99 |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by Paperwhite(m): 8:09am On Nov 22, 2016 |
Just fed up with this useless regime.To what extent of implementation have the 2016 budget attained? |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by talktonase(m): 8:10am On Nov 22, 2016 |
I hope it is not padded and will not experience the same back and forth as 2016 budget went through! |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by Nobody: 8:12am On Nov 22, 2016 |
Useless budget |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by philGeo(m): 8:13am On Nov 22, 2016 |
Where is the 2016 budget? A.P.C The biggest scam in history. |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by flistyl(m): 8:23am On Nov 22, 2016 |
buhari and late budget, are like peak milk its in him. |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by folhenrry4flizzy(m): 8:25am On Nov 22, 2016 |
TheHerald:APC can lie. |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by Nobody: 8:45am On Nov 22, 2016 |
Atiku2019:I have never seen deluge of confused hypocrites like flat--heads before, you people claim to loathe northerners/Muslims and their domineering politics, you even deride the Yorubas for being their slaves. But today, you are all here canvassing for Atiku, Atiku is now from the South ba? I forgot Atiku is now a Christian convert See, Atiku will disappoint you come 2019 as he wouldn't choose anyone from the SE as his running mate. |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by freeze001(f): 8:51am On Nov 22, 2016 |
They should just stop giving time lines o! 1 Like |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by Atiku2019: 8:56am On Nov 22, 2016 |
Abysmal Performance, Incompetent President ![]() ![]() #Atiku2019 |
Re: Buhari Will Present 2017 Budget Before Year Runs Out – Minister by greatiyk4u(m): 8:56am On Nov 22, 2016 |
Paperwhite: When exactly was the budget signed into law? |
(1) (Reply)
Fool Nigeria Once, Shame On You. Fool Nigeria Twice... Foreign Policy / A Must Read Verse By All And Sundry: APC Chapter 1 Vs 1-16 / Police Who Participated In Ondo Election Protest Non-payment Of Their Allowee
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 26 |