Tuesday, 4 August 2015

Briefly: Buhari Orders Reduction of Recurrent Expenditure in 2016 Budget

President Muhammadu Buhari has reportedly ordered a reduction in recurrent expenditure and prioritisation of developmental projects in the 2016 budget.
The President ordered the National Planning Commission (NPC) back to the drawing board to produce framework for the 2016 Budget in line with his vision after receiving a briefing from the Commission’s Executive Secretary Dr. Bassey Akpanyung at the Presidential Villa in Abuja.
According to a statement by the Senior Special Assistant on Media and Publicity, Garba Shehu, the President directed Dr. Akpanyung and directors of the commission to devise a plan for a realignment of the budget so that capital projects can be prioritized.
Meanwhile, the Senate adhoc committee on Legislative Agenda has proposed a 40 per cent capital vote and 60 per cent recurrent expenditure for the next national budget that would be brought before the National Assembly by the President Muhammadu Buhari administration any time this week.

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