{"id":1801,"date":"2019-05-03T00:00:00","date_gmt":"2019-05-03T00:00:00","guid":{"rendered":"https:\/\/placng.org\/i\/senate-approves-2019-budget\/"},"modified":"2019-05-03T00:00:00","modified_gmt":"2019-05-03T00:00:00","slug":"senate-approves-2019-budget","status":"publish","type":"post","link":"https:\/\/placng.org\/i\/senate-approves-2019-budget\/","title":{"rendered":"Senate Approves 2019 Budget"},"content":{"rendered":"<p>The Senate has approved the sum of <strong><em>N8,916,964,099,373 (Eight Trillion, Nine Hundred and Sixteen Billion, Nine Hundred and Sixty Four Million, Ninety Nine Thousand, Three Hundred and Seventy Three Naira only)<\/em><\/strong> as the 2019 budget.<\/p>\n<p>Presenting the report of the Committee on Appropriations at the plenary session of Tuesday, 30 April 2019, the Chairman, Sen. Danjuma Goje (APC: Gombe)informed the Senate that the Committee had adopted the aggregates in the 2019-2021 Medium Term Expenditure Framework(MTEF) and Fiscal Strategy Paper (FSP) that was approved by the National Assembly.<\/p>\n<p>Sen. Goje explained that the Committee had made provisions for severance benefits for the out-going legislators, legislatives aides, and the induction\/orientation exercise for newly elected legislators that was not captured in the 2019 budget proposal presented by President Muhammadu Buhari<\/p>\n<p>He then noted the highlights of the 2019 Budget to include:<\/p>\n<ul>\n<li>Statutory Transfers- <strong>N502,058,892,965<\/strong><\/li>\n<li>Debt Service- <strong>N2,254,014,113,092<\/strong><\/li>\n<li>Recurrent (Non-Debt) \u2013 <strong>N4,055,840,383,684<\/strong><\/li>\n<li>Capital Expenditure \u2013 <strong>N2,094,950,709,632<\/strong><\/li>\n<li>Deficit to GDP- <strong>37%<\/strong><\/li>\n<li>Special Intervention \u2013 <strong>N500,000,000,000<\/strong><\/li>\n<\/ul>\n<p>Concluding his submission, Sen. Goje requested the Senate\u2019s approval of the sum of <strong><em>N8,906,964,099,373 (Eight Trillion, Nine Hundred and Six Billion, Nine Hundred and Sixty Four Million, Ninety Nine Thousand, Three Hundred and Seventy Three Naira only) as the 2019 budget. <\/em><\/strong>While the Senate accepted the submission of Sen. Goje, it however resolved to include the sum of <strong>N10, 000, 000, 000 (Ten Billion Naira)<\/strong> as Federal Government Intervention in Zamfara State as Service Wide Votes raising the sum to <strong><em>N8, 916, 964,099, 373 (Eight Trillion, Nine Hundred and Sixteen Billion, Nine Hundred and Sixty Four Million, Ninety Nine Thousand, Three Hundred and Seventy Three Naira only).<\/em><\/strong><\/p>\n<p>It would be recalled that the President Muhammadu Buhari on Thursday, 20<sup>th<\/sup> December 2018, presented the sum of <strong><em>N8,826,636,578,915 ( Eight Trillion, Eight Hundred and Twenty-Six Billion, Six Hundred and Thirty Six Million, Five Hundred and Seventy Eight Thousand, Nine Hundred and Fifteen Naira only) <\/em><\/strong>as the 2019 budget proposal to the National Assembly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Senate has approved the sum of N8,916,964,099,373 (Eight Trillion, Nine Hundred and Sixteen Billion, Nine Hundred and Sixty Four Million, Ninety Nine Thousand, Three Hundred and Seventy Three Naira only) as the 2019 budget. Presenting the report of the Committee on Appropriations at the plenary session of Tuesday, 30 April 2019, the Chairman, Sen. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":""},"categories":[24],"tags":[],"acf":[],"author_meta":{"display_name":"PLAC","author_link":"https:\/\/placng.org\/i\/author\/olumide-adebayo\/"},"featured_img":"https:\/\/placng.org\/i\/wp-content\/uploads\/2019\/12\/senate-300x167.jpg","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/placng.org\/i\/category\/news\/\" class=\"advgb-post-tax-term\">News<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">News<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 7 years ago","modified":"Updated 7 years ago"},"absolute_dates":{"created":"Posted on May 3, 2019","modified":"Updated on May 3, 2019"},"absolute_dates_time":{"created":"Posted on May 3, 2019 12:00 am","modified":"Updated on May 3, 2019 12:00 am"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/posts\/1801"}],"collection":[{"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/comments?post=1801"}],"version-history":[{"count":0,"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/posts\/1801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/media\/1105"}],"wp:attachment":[{"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/media?parent=1801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/categories?post=1801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/placng.org\/i\/wp-json\/wp\/v2\/tags?post=1801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}