P
ProfRem
Guest
Minister of Budget and National Planning, Udoma Udo Udoma, yesterday, said, President Muhammadu Buhari-led federal government may review the 2016 budget owing to dwindling resources.
Udo Udoma, who spoke yesterday at a Town Hall meeting in Abuja, noted that the disparity between projected revenue and actual receipts in the last two quarters was obvious.
The meeting which was inspired by the Nigerian Institute of Policy and Strategic Studies (NIPSS) focused on Effective implementation of the 2016 Budget.
Senator Udoma said the government was keeping a close watch on the economic indicators.
He said the budget signed by the president was well scrutinised and passed the due process of appropriation in the National Assembly before it was signed into law in May.
He said: ‘‘We did not assent padded budget. The budget followed through the various stages of preparation and scrutiny and appropriation before it was signed into law.’’
The minister however said if the downward trajectory persists, government might make reasonable adjustments to accord with prevailing realities.
Udo Udoma, who spoke yesterday at a Town Hall meeting in Abuja, noted that the disparity between projected revenue and actual receipts in the last two quarters was obvious.
The meeting which was inspired by the Nigerian Institute of Policy and Strategic Studies (NIPSS) focused on Effective implementation of the 2016 Budget.
Senator Udoma said the government was keeping a close watch on the economic indicators.
He said the budget signed by the president was well scrutinised and passed the due process of appropriation in the National Assembly before it was signed into law in May.
He said: ‘‘We did not assent padded budget. The budget followed through the various stages of preparation and scrutiny and appropriation before it was signed into law.’’
The minister however said if the downward trajectory persists, government might make reasonable adjustments to accord with prevailing realities.
