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Reps pass 2015 budget after increasing it with N135.4bn
 
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Fri, 24 Apr 2015   ||   Nigeria,
 

The House of Representatives on Thursday passed the sum of N4.493 trillion budget as the 2015 budget estimates.

The passed budget was increased by the sum of N135.4 billion, when compared with the sum of N4,357,960,000,000 proposed by the executive in November 2014.

The approved 2015 budget also showed that it was less  by about 200 billion as against the 2014 budget of N4.695 trillion .

The House also subtly asked the incoming government  to come up with supplementary budget if there is any need to improve on the passed budget.

The House approved the budget at the Committee of the Supply chaired by the Speaker, Honourable Aminu Tambuwal.

Nigerian Tribune recalled that the report was laid on Wednesday by the chairman, Committees on Appropriation, Hon John Enoh.

The  report packaged by House joint CommitteeS on Appropriation and Finance showed that the sum of N366.280 is for statutory transfer; N953.620 is for debt service; N2.607 billion is for recurrent (non-debt) expenditure while the sum of N642,848,999,699 inclusive of N144.420 billion is for capital expenditure.

From the N366.280 approved for Statutory Transfers: N73 billion is for National Judicial Council (NJC); N45.780 billion is for Niger Delta Development Commission (NDDC); N67.3 billion is for Universal Basic Education (UBE); N115 billion is for National Assembly; N2 billion is for Public Complaint Commission; N62 billion is for Independent national Electoral Commission (INEC while N1.2 billion is for National Human Right Commission.

From the total sum of N953.62 billion approved for debt servicing, the sum of N894.610 billion is for domestic debt while N59.010 is for foreign debts. Under the N1,993,891,830,842 recurrent (non-debt) expenditure, Education gets the highest allocation of N392,242,784,654 followed by Defence/MOD/Army/Air Force/Navy with N326,697,219,431 and Police formation and Commands with N303,822,224,611 while the sum of N236,975,742,847 is for Health sector.

From the N13,965,664,092 approved for the eight Federal Executive bodies, the sums of N5,299,416,374 is for National Population Commission; N1,935,767,344 is for Code of Conduct Bureau; N473,656,088 is for Code of Conduct Tribunal; N2,214,028,373 is for Revenue Mobilisation Allocation and Fiscal Commission; N1,129,445,636 is for Federal Civil Service Commission; N740,477,185 is for Police Service Commission while N2,172,873,092 is for Federal Character Commission amongst others.

Earlier, while addressing the House at the Committee of Supply, Hon Enoh said "In looking at the budget having adjusted the benchmark to $53 and adopted same by the conference Committee of both the House and the Senate, we found that the proportion between recurrent and capital was so bad."

 

 

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