REPS SUSPEND DEBATE ON 2019 BUDGET

JUST IN: Reps suspend debate on 2019 budget

The House of Representatives has suspended the debate on the general principles of the 2019 appropriation bill.

The bill was listed as the first order of the day on the order paper but the debate was suspended due to the late arrival of the copies to members.

It will, however, be listed on the order paper on the next legislative day.

President Muhammadu Buhari had in December 2018 proposed a budget of N8.83 trillion for 2019.

The president presented the proposals at a joint session of the National Assembly.

The proposed budget shows that about a quarter of the sum (N2.14 trillion) will be used for debt servicing while capital expenditure is expected to gulp N2.031 trillion.

Further breakdown presented by the president shows that proposed recurrent expenditure is N4.04 trillion, statutory transfer is N492.36 billion, there is a sinking fund of N120 billion, while capital expenditure is N2.031 trillion.

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