Reps approve fresh $1.5billion, €995M FG borrowing plan
On
By Tordue Salem
The House of Representatives Thursday, approved the External Borrowing Plan of the Federal Government to the sum of over $1.5billion and €995million.
Besides, it adopted a report of its Finance Committee, to issue from the Statutory Revenue Fund of the Federal Inland Revenue Service (FIRS) the total sum of N 216, 646, 579, 231. 00 (Two Hundred and Sixteen Billion, Six Hundred and Forty–Six Million, Five Hundred and Seventy–Nine Thousand, Two Hundred and Thirty–One Naira).
Out of the sum N107, 521, 496, 984. 00 (One Hundred and Seven Billion, Five Hundred and Twenty–One Million, Four and Ninety–Six Thousand, Nine Hundred and Eighty–Four Naira) only is for Personnel Cost, while the sum of N 56, 469, 218, 415, .00 (Fifty–Six Billion, Four Hundred and Sixty–Nine Million, Two Hundred and Eighteen Thousand, Four Hundred and Fifteen Naira) only is for Over Head Cost, and the sum of N 52, 655
Senate approves $1bn, €995m external borrowings for FG tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: The Ministry of Finance (MoF) is steadfast in maintaining the accountability and transparency of financial governance, and the sole priority during the state of emergency period is the use of all existing policies and legislation to protect the lives and livelihoods of the people.
In terms of accountability and transparency, the MoF has issued the Malaysian Treasury Circular PB 1.4, Procedure for Estimating Additional Expenditure for the Emergency Period.
It outlines guidelines, matters related to the governance of additional expenditure, as well as the processes involved related to the management of additional expenditure during the emergency period. The governance outlined will ensure that the additional allocation for this year is a much-needed expenditure. The government s financial position is also taken into account by the MoF before any application is considered, Finance Minister Datuk Seri Tengku Zafrul Tengku Aziz said in a statement today.
Şirket Devlet ve Saray Devleti sol.org.tr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sol.org.tr Daily Mail and Mail on Sunday newspapers.