N/Assembly Postpones 2023 Budget Passage, Gives Reason

The National Assembly has postponed the passage of the 2023 Budget till next week.

 

Newsonline reports that the National Assembly has postponed the passage of the 2023 budget and Finance Bill until Wednesday, December 28th, 2022, after the Christmas celebrations.

Also: BREAKING: Buhari Presents N19.76trn 2023 Budget To NASS October 7

The budget was earlier scheduled for passage today.

Speaking before adjoining plenary on Thursday, Ahmad Lawan, said the delay in the passage was due to challenges in cleaning the budget, which he said was transmitted to the parliament with some problems.

 

He said the Appropriations committees in both the Senate and House of Representatives only concluded the cleaning process on Wednesday and could not package the report for consideration and passage on Thursday.

“We can only receive and consider the report next Wednesday, December 28,” Lawan said.

 

This online media platform recalls that the 2023 budget proposed by the executive, N744,109, 468,797 was earmarked for statutory transfers while N6,557,597,611,797 was fixed for debt service.

The sum of N8,271,882,354,405 was put aside for recurrent (non-debt) expenditure while N4,934,352,745,705 was fixed for capital expenditure.