Saraki worried over high recurrent votes in 2018 budget

RECESSION: Saraki calls for sale of national assets

The Senate President, Bukola Saraki, has expressed concern over the rise in the recurrent expenditure of the proposed 2019 budget bill, under consideration before the National Assembly.

Saraki who raised question, during the ongoing debate in the Senate, noted that the Presidency had succeeded in plugging the loopholes in the capital votes, but failed to check its recurrent expenditure.

He described the development as worrisome, and asked the relevant committees of the Senate to look at the expenditure.

In the proposed 2018 N8.6 trillion budget bill, the recurrent expenditure is N2.65 trillion, against N2.9 trillion in the 2017 N7.3 trillion budget.

Saraki also said that the daily production of 2.3 million barrel, upon which the 2018 budget is based, is not realistic.

Another source of worry for the senate president is the implementation of the outgoing 2017 budget, which he hopes will be 50 per cent implemented by December 31.

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