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Wednesday, 17 May 2017

Senate Asks Federal Government Agencies To Submit Budgets In Two Weeks

Current update as the Senate has asked Federal Government to present the budgets of corporations, agencies and parastatals to the legislature in two weeks.

Latest gist as the lawmakers issued the ultimatum at the plenary on Wednesday.

Also, the Senate barred the affected corporations and
parastatals from capital expenditure until their budgets had been passed by the legislature.

The lawmakers decried non-compliance with Section 21 of the Fiscal Responsibility Act by government agencies.

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