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2018 Budget: Accountant General has lamented budget deficit

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AG ahmeed

AG Ahmed decries bad and inadequate lauch of 2018 budget

The Accountant General of the Federation, Ahmed Idris has decried bad and inadequate launch of 2018 budget to government ministries and parastatals, announcing it has hampered their operations news live nigeria reports.

Ahmed Idris said report of releases for preceding administrations showed that poor and inadequate releases of the 2018 price range via this authorities has in no way been so within the records of Nigeria.

The Office of the Accountant General of the Federation is chargeable for disbursement of funds to authorities ministries, corporations and parastatals.

He, but, added that the finances of the AG’s office turned into decreased in keeping with authorities circulars to reduce charges.

“Distinguished Chairman, Members of the Committee, we budgeted the sum of N4.764 billion for 2019 which we have reduced personnel cost by N96.9 million: while capital was reduced by N362. 69 million”, he said.

However, the Minister of Finance Hajia Aisha Abubakar earlier told the Committee that releases to her Ministry and departments under her watch was near 100%.

She revealed that they got 100% budget releases as against other MDAs as a result of reforms carried out by the Ministry of Finance.

She explained in response to questions posed by the Committee Chairman on Finance, Senator John Owen Enoh.

“Distinguished Chairman, we got our full releases not because we are the Finance Ministry, but because of reforms carried out which made it easy for us access funds. ”

Permanent Secretary of the Ministry of Finance burdened that the Ministry could update all of the 5 turbines powering the ministry inside the cutting-edge price range, saying that the fee of upkeep has come to be insufferable for the ministry.

“Distinguished Chairman, we intend to update all of the 5 mills after they were hooked up twelve years ago.”

“It price the ministry a lot to maintain the mills as a result of vintage age. “

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