Senate to pass supplementary budget next week

Senate to pass supplementary budget next week

STRONG indications emerged yesterday that the Senate will next week pass the 2015 supplementary appropriation bill of N465, 636,926,857 billion.

The 2015 Supplementary Appropriation Bill passed the second reading yesterday after it was presented for consideration by Senate leader, Senator Ali Ndume, APC, Borno South. In his lead debate, Senate leader, Senator Ali Ndume said that the bill seeks to authorize the issue out of the Consolidated Revenue Fund of the Federation the total sum of N465,636,926,857, of which N460,636,926,857 is for additional recurrent (Non-Debt) and the balance of N5,000,000 is for contribution to the development fund for additional capital expenditure for the year ending on the 31st day of December, 2015.

Ndume said that the president, through a communication to the president of the Senate forwarded the 2015 Supplementary Appropriation Bill to the Senate which was read on the floor of the Senate on Wednesday 18th November, 2015 by the President of the Senate. Read more

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