The Senate threatened to reject capital and overhead proposals from federal ministries, departments and agencies that did not accompany their 2022 budget estimates with revenue projections for the year.
The Red Chamber said only the staff costs of the agencies in error would be approved.
The heads and senior officials of the various MDAs are expected to start appearing before Senate committees to defend their budget estimates as soon as the president, Major General Muhammadu Buhari (retired), submits the document to the national parliament.
Our correspondent learned that the President could probably present the 2022 finance bill as soon as the National Assembly approves the 2022-2024 medium-term budget and expenditure strategy document.
Both chambers would likely review and adopt the MTEF / FSP this week, as the joint committees that worked on the tax document are expected to submit their reports this week for review.
Senate Finance Committee Chairman Senator Solomon Adeola told our correspondent that many MDAs could be denied allowances for capital and overhead expenses if they fail to produce their income projections. for the year.
He said all government agencies, whether fully, partially or not at all funded, were legally required to contribute to the treasury.
He lamented that many heads of MDA have, over the years, converted the federal agencies they manage to their personal property.
He said: “Many income-generating agencies spend what they generate and would say that what they get is not enough to fulfill their functions, hence the need to increase it with whatever they generate. .
“For each government agency, it is expected that once they come to defend their budget estimates, there should be corresponding revenue estimates that must contain what they are contributing to the budget.
“More than three-quarters of revenue-generating agencies believe that they should only come to the National Assembly to get their own share of the revenue from the federation’s account, and not what they should contribute to the national stock market.
“Now, once they arrive with their budget expenditure forecasts, they must also bring their revenue forecasts.
“We would like to see that in this year’s budget because, based on the preliminary investigation of this committee, our conclusions are not acceptable at all.”
He said that some agencies have confessed that since their inception they have never been summoned to give their management account regarding revenue generation.
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