2016 bud­get: FG di­rects MDAs to cut costs

Daily Trust - - NEWS - By Isi­aka Wak­ili

All gov­ern­ment Min­istries, De­part­ments and Agen­cies (MDAs) are ex­pected to cut costs un­der the 2016 bud­get, Vice Pres­i­dent Yemi Os­in­bajo has said.

The vice pres­i­dent said this in lieu of the need to con­trol the ex­pen­di­ture of the Fed­eral Gov­ern­ment which, ac­cord­ing to him, is too high.

Os­in­bajo stated this at the Pres­i­den­tial Villa in Abuja yesterday while meet­ing with per­ma­nent sec­re­taries and di­rec­tor­gen­er­als for a sen­si­ti­sa­tion ses­sion on the 2016 bud­get and 2016-2020 Medium Term Plan.

He said Pres­i­dent Muham­madu Buhari had di­rected that all agen­cies, in­clud­ing the mil­i­tary and univer­si­ties, to join the In­te­grated Per­son­nel and Pay­roll In­for­ma­tion Sys­tem aimed at cur­tail­ing “abuses in the salary and emol­u­ment pro­cesses.”

The spokesman of the vice pres­i­dent, Laolu Akande, quoted him as say­ing that the dwin­dling oil rev­enue as well as the high level of poverty in the coun­try called for a change of bud­get­ing sys­tem.

He said: “The great­est chal­lenge to us is con­trol­ling bal­loon­ing re­cur­rent ex­pen­di­ture and free­ing up re­sources for growth-re­lated cap­i­tal ex­pen­di­ture. The gov­ern­ment will do some­thing about poverty, some­thing more di­rect, dif­fer­ent from how we have done it in the past. So, bud­get­ing has to be done dif­fer­ently.”

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