Jonathan may re­ceive 2014 budget to­day

Daily Trust - - NEWS - By Musa Ab­dul­lahi Kr­ishi

The Na­tional As­sem­bly is to trans­mit the 2014 budget to Pres­i­dent Good­luck Jonathan to­day for his as­sent, it was learnt yes­ter­day.

The Se­nate and the House of Rep­re­sen­ta­tives passed the budget on April 9 and 10 re­spec­tively.

A source told our re­porter last night that the two cham­bers were set to trans­mit the budget to Jonathan to­day so that he would ap­prove it for full ex­pen­di­ture to take ef­fect.

Our source said the de­lay in trans­mit­ting the budget two weeks af­ter its pas­sage by the two cham­bers was ne­ces­si­tated by “some hitches,” but that “things have been sorted out.”

A break­down of the budget showed that N2.454 tril­lion is for re­cur­rent (non-debt) ex­pen­di­ture; N1.119 tril­lion is for con­tri­bu­tion to the De­vel­op­ment Fund for cap­i­tal ex­pen­di­ture; N712 bil­lion for debt ser­vice, while N408.687 bil­lion is for statu­tory trans­fers.

The budget pro­posal was laid on the floor of the House on De­cem­ber 19 fol­low­ing weeks of dis­pute be­tween Pres­i­dent Jonathan and the Na­tional As­sem­bly over the oil bench­mark. While Jonathan pro­posed $74 per bar­rel, the two cham­bers set­tled on $77.5 per bar­rel.

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