News as Facts

2023 Budget Senators Fault Rising Recurrent Expenditure


Senators yesterday faulted the increasing recurrent expenditure of the Federal Government over the years, expressing concern that the government might end up borrowing for workers’ salaries.

This is just as the National Assembly passed for a second reading, the 20.51 trillion-naira 2023 Appropriation Bill presented by President Muhammadu Buhari last Friday. 

The government had proposed 8.2 trillion naira for recurrent expenditure in 2023, constituting over 43 per cent of the budget.

In the 2018 budget, the recurrent expenditure vote was 3.5 trillion naira. It increased to 4.7 trillion naira and 4.8 trillion naira in 2019 and 2020 respectively. The recurrent expenditure rose to 5.9 trillion naira in 2021 and 6.9 trillion naira in 2022.

During the debate on the 2023 budget proposal yesterday, Senator Ali Ndume of APC from Borno state called for a thorough investigation into the rising recurrent allocations despite hundreds of workers retiring yearly and embargo placed on employment. 

Leave A Reply

Your email address will not be published.