House of Reps to get huge chunk of National Assembly’s N115bn budget

In spite of the massive public outcry against the huge 2016 budget of the National Assembly, it appears that the senate might after all not be fazed as it is set to go ahead with the initially proposed N115 billion budget for the year.

According to Premium Times, details of the budget revealed that the House of Representatives is to receive the highest allocation of funds as the National Assembly is set to officially publish the allocations in the budget.

The details of the specific allocations of the budget will soon be publicly released making it the first time in 5 years that it would occur.

In the 2016 budget submitted to the Senate by the Presidency, the N115 billion total allocation to the legislative arm gathered heavy criticisms.

Despite the call for a reduction and breakdown of the allocated amount, it appears that the senate would be going ahead with the allocation of the said N115 billion with N105.4 billion set aside as recurrent expenditure while N9.6 billion for capital projects.

The Senate and House of Representatives are expected to adopt the draft budget at their plenary sessions on Thursday, March 17.

Details from the budget revealed that the 360 members of the House of Representatives will get N47.2 billion in total with N44. 6 billion slated for recurrent expenditure and N2.7 billion for capital expenditure.

For the Senate however, the total is N30. 2 billion with N26.97 billion proposed for recurrent expenditures and N3.3 billion for capital projects.

The Public Accounts Committee of the Senate was allocated N115,008,000 while while that of the House of Representatives will receive N138,009,000.

The management of the legislative arms would get a total of N11,625,392,906 with N10,048,616,823 for recurrent expenditure and N1,576,776,083 for capital expenditure.

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