Politics

Reps begin consideration of 2021 budget for 2nd reading

The House of Representatives has opened the debate on the 2021 Appropriation bill of N13.8 trillion with the view to passing it for second reading.

President Muhammadu Buhari had on Thursday, Oct. 8, laid the bill before the house for consideration.

Leading the debate, the Majority Leader, Rep. Ado Doguwa (APC-Kano), said that the Bill was for an Act to authorise the issue from the Consolidated Revenue Fund of the Federation, the total sum of N13.8 trillion.

Doguwa said that N484.4 trillion is earmarked for Statutory Transfers, N3.3 trillion for Debt Service while N5.5 trillion is for Recurrent (Non-Debt) Expenditure.

The lawmaker said that the sum of N3.6 trillion is for contribution to the Development Fund for Capital Expenditure for the year ending Dec. 31, 2021.

Doguwa said that the budget which is tagged “budget of recovery and resilience” was to consolidate on the achievement of the 2020 budget and to deal with factors that militated against the full implementation of the 2020 budget.

 

Vanguard

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