FG laments delayed 2014 budget

By IAfrica
In Nigeria
May 14th, 2014
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The Federal Government on Wednesday lamented the continued delay in the passage of 2014 budget.

Briefing State House correspondents at the end of the Federal Executive Council meeting presided over by President Goodlcuk Jonathan, the Minister of Information, Labaran Maku, said it is becoming worrisome that almost midway into the year, the Federal Government has no budget in place.

According to him, the distortions in what was transmitted to the National Assembly may work against the budget implementation.

Maku explained that efforts are ongoing to reconcile the grey areas.

He said: “The minister of finance briefed us today at the FEC relating to the progress on the budget. It is very sad that we have almost entered the middle of the year and we don’t have a budget.”

“This indeed is sad that the budget has taken so long in coming and practically we have less than seven months to execute the budget.

“We will do everything possible to reconcile the few differences that emerged in what was transmitted to the government by the National Assembly.”

“There are few areas of distortions and there are those areas that are very serious and we think there is a need to look into them because of the negative impact those distortions may have on the implementation of the budget.”

He went on: “There is a lot of conversation going on now between the federal ministry of finance and the National Assembly on these issues. And very shortly we believe that we are going to reconcile those areas and then the final budget will be announced to the nation by the President.”

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