May 28, 2022

SB-Accounting

Accounting + Finance Blog

Works on Budget 2017 to finish this Month says Saraki

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President of the senate house of Assembly in Nigeria said the deadline to complete work the 2017 budget  is this month after which it will be sent to the president, Muhammadu Buhari.

Immediately the president assent the budget through his signature, it becomes law. Thereby, projects and other expenditure relating to the budget may likely commence.

Mainwhile, heads of departments and ministry has defended their portion of the budget in the House of Assembly.

The budget bill was sent to the National Assembly December last year by the President. The proposed expenditure for the budget is N7.293 Trillion. This is the largest budget in Nigeria since commencement of Democratic rule in the year 1999. 

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