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The leadership of House of Representatives on Wednesday assured Nigerians of its resolve to ensure passage of the 2018 Appropriations Act by 24th April, 2018.
Speaker Yakubu Dogara gave the assurance during the Wednesday plenary session.
According to him, the harmonised copy of the 2018 budget will be laid before both chambers on 19th of April, 2018.
Dogara disclosed the decision was jointly taken by the leadership of both Senate and House.
Reca that
Recall that President Muhammadu Buhari had a closed door meeting with Senate President Bukola Saraki and Speaker Dogara with the view to resolve the impasse.
Following the President’s intervention, all the concerned Ministers were directed to resume the defence of their budget.
The joint Committee on Appropriations comprising of Loans, Aids and Debt Management; Finance, Appropriations and Budget Research Office are expected to convey next Wednesday to finetune the budget proposals submitted by various MDAs.
According to a presented by Debt Management Office seen by BusinessDay, total new domestic borrowing was pegged at N849.674 billion for 2018.
From the total sum of N2,013,835,365,699 proposed for utilisation of the public debt charges in 2018, N1,759,755,709,708 is for servicing of domestic debt while N254,079,655,991 is for servicing of external debt.
As approved in the 2017 Appropriation Act, from total sum of N1,841,345,727,206 provided for debt servicing, the sum of N1,618,106,448,473.44 has so far been utilised.
KEHINDE AKINTOLA, Abuja
