//Senate Begins Work on 2021 Budget

Senate Begins Work on 2021 Budget

Barely 48 hours after the 2020 Appropriation Bill was passed by both chambers of the National Assembly, the Senate and the executive have commenced a partnership that would lead to a more participatory, inclusive and early presentation and passage of the 2021 budget.
The Chairman of the Senate Committee on National Planning and Economic Affairs, Senator Olubunmi Adetunmbi (APC, Ekiti North), who disclosed this at a press conference in Abuja, said the collaboration would commence at a retreat between the committee and the Federal Ministry of Finance, Budget and National Planning in Abuja on Monday.
Adetunmbi further disclosed that the partnership would serve as the required compass for yearly budgeting and implementation.
However, he noted that though the N10.594billion 2020 budget recently passed will return of the nation’s yearly budget cycle to January – December but that 2021 budget will be more collaborative in vision, content and execution.