2019 budget hit by setback as minister, MDAs refuse to appear at Reps hearing

2019 budget hit by setback as minister, MDAs refuse to appear at Reps hearing

There may be a major set back in the passage of the 2019 budget as budget minister, Udoma Udoma, top MDAs failed to appear at the public hearing organised by joint House committee on appropriation, finance, aids, debts, others.

Daily trust reports that at the hearing organised by the committee ahead of 2019 budget passage, apart from Udo Udoma, minister of finance, Aisha Ahmad; group managing director of Nigerian National Petroleum Corporation, Maikanti Baru; and host of others also refused to appear.

Expressing sadness over the development, Legit.ng gathers that the chairman of the joint committee and chairman, House committee of finance, Babangida Ibrahim, said the MDAs' absence means the the passage of the budget will be delayed.

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He said: “By failing to turn up for this hearing, the implication is that the passage of the 2019 budget will be delayed."

A new date has been set for hearing.

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Recall that President Muhammadu Buhari on Wednesday, December 19, presented a budget of N8.83 trillion for 2019 to a joint session of the National Assembly.

Legit.ng reported that he said the budget was prepared after wide consultations. According to the budget, about a quarter of the sum (N2.14 trillion) will be used for debt servicing while N2.031 trillion will be used for capital expenditure.

Proposed recurrent expenditure is N4.04 trillion, statutory transfer is N492.36 billion, there is a sinking fund of N120 billion, while capital expenditure is N2.031 trillion.

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Source: Legit.ng

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