FG denies running four budgets in a year
• says Peter Obi has become a professional rumour monger, who peddles lies and misinformation at every opportunity
The Federal Government has debunked claims that it is running four budgets in a fiscal year.
This was stated in a post on X by Senior Special Assistant to President Tinubu on Media and Publicity, Mr. Temitope Ajayi.
The media aide responded to a thread of tweets by former Anambra Governor, Peter Obi, allegingthe government was running four budgets concurrently.
Ajayi wrote: “Yesterday, BudgITng raised a false alarm on the basis of rumours that FG is planning a 2024 supplementary budget. It is important to state that the FG is not planning to run 4 budgets within a fiscal year as being alleged.
“The National Assembly only approved that implementation of the capital components of 2023 budget and 2023 supplementary should be extended to December 2024 to achieve its objectives.
“Our country can’t achieve sustainable development when Federal, States and Local governments focus on only consumptive expenditures which is essentially what recurrent expenditures represent.
“It is the capital expenditures that drive economic growth, strengthen private sector output and create employment opportunities for citizens.
“As a reputable civic organisation, Budgit can not afford to be flippant and be unduly sensational. Expectedly, Peter Obi has jumped on the false claims to push his new round of misinformation.”
