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2016

MUST READ: Federal government presents details of N6.06 trillion 2016 budget

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The details of the N6.06 trillion 2016 budget was presented on Thursday, May 12, by the minister of budget and national planning, Udoma Udo Udoma, and the minister of state, Mrs Zainab Ahmed, at the Banquet Hall of the Presidential Villa, Abuja.

President Buhari signing the 2016 budget into law

The minister of budget said the key objectives of 2016 Budget include ensuring a stable macroeconomic environment for real sector development and policy actions that will facilitate accelerated growth and sustainable development of the country.

He also said the 2016 Budget was guided by the 2016-2018 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy paper.

The Ministers of Agric, Defence, Labour and Productivity, Solid Minerals, Finance, Water Resources, Niger Delta were all in attendance at the presentation.

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Udoma shared the breakdown of the 2016 budget on the ministries twitter handle.

Read the details below:

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The 2016 budget was inside his office at the Presidential Villa, Abuja on Friday, May 6.

The budget has been steeped in controversy after several reports revealed inflated allocation of funds and multibillion naira phoney subheads smuggled into the budget.

Buhari had accused some bureaucrats of removing what we put in the proposal and replacing it with what they wanted, vowing that all those involved in the padding of the budget will face the most severe punishment.

The post MUST READ: Federal government presents details of N6.06 trillion 2016 budget appeared first on Nigeria News today & Breaking news | Read on NAIJ.COM (Nigerian newspapers).




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