Saraki Raises Red Flags Over 2018 Budget
Senate President Bukola Saraki has expressed worry over the rising amount budgeted for recurrent expenditures by the country over the yea...
https://newshelmng.blogspot.com/2017/11/saraki-raises-red-flags-over-2018-budget.html
Senate President Bukola Saraki has expressed worry over the rising
amount budgeted for recurrent expenditures by the country over the
years.
The sum of N2.65 trillion was appropriated as recurrent expenditure in the 2016 N6.06 trillion budget. In the 2017 N7.3 trillion budget, N2.9 trillion was appropriated for recurrent, but as at November 2017, the Minister of Budget and National Planning, Senator Udo Udoma, said recurrent expenditure had hit N4.2 trillion. The 2018 N8.621 trillion budget estimates proposes N3.5 trillion for recurrent expenditure.
Saraki in his remarks at the continuation of debate into the details of the budget proposal, yesterday said the increase is a matter for concern.
“It appears that our recurrent expenditure, personnel, have started creeping up again. It was well managed but I have noticed an increase and all the different committees need to look into that. My concern is that government has been able to effectively block leakages in capital expenditure, then maybe people have now moved to recurrent and personnel expenditure for all sorts of unscrupulous activities,” he said.
The sum of N2.65 trillion was appropriated as recurrent expenditure in the 2016 N6.06 trillion budget. In the 2017 N7.3 trillion budget, N2.9 trillion was appropriated for recurrent, but as at November 2017, the Minister of Budget and National Planning, Senator Udo Udoma, said recurrent expenditure had hit N4.2 trillion. The 2018 N8.621 trillion budget estimates proposes N3.5 trillion for recurrent expenditure.
Saraki in his remarks at the continuation of debate into the details of the budget proposal, yesterday said the increase is a matter for concern.
“It appears that our recurrent expenditure, personnel, have started creeping up again. It was well managed but I have noticed an increase and all the different committees need to look into that. My concern is that government has been able to effectively block leakages in capital expenditure, then maybe people have now moved to recurrent and personnel expenditure for all sorts of unscrupulous activities,” he said.
