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Date: Saturday, 19th October 2019
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Senators Express Worries over N10bn Budget Estimates’ Viability

Deji Elumoye and Chuks Okocha in Abuja
The Senate wednesday began debate on the 2020 budget estimates with senators divided over the viability of the N10.33 trillion Appropriation Bill presented to the National Assembly by President Muhammadu Buhari.

The debate of the budget proposal began at 11a.m. and lasted till about 3 p.m. with many senators across party lines describing the budget as lacking focus, while others said the fiscal proposal was not sustainable because it was based on taxation.

No fewer than 16 senators spoke yesterday and they expressed divergent views on it.

Leading the debate, Senate Leader, Senator Yahaya Abdullahi, highlighted the principles of the budget to include projected Gross Domestic Product (GDP) growth rate at 2.93 per cent; crude oil prices at $57 per barrel; planned borrowing of N1.70 trillion and N2.45 trillion to service debt.

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