The erstwhile presidential candidate of the Peoples Democratic Party alliance, PDP, Atiku Abubakar, has blamed the 2021 proposed financial plan by President Muhammadu Buhari.
Atiku said the 2021 budget proposal contravened the Fiscal Responsibility Act.
Recall that Buhari had presented the proposed 2021 budget to the joint session of the National Assembly, a few days ago.
However, a statement Atiku personally signed, stressed that the N5.21 trillion budget deficit amounted to over 3.5 per cent of Nigeria’s 2019 Gross Domestic Product, GDP.
Abubakar said this in a statement he personally signed, which was made available to journalists on Friday.
The statement reads partly: “Looking at the 2021 budget proposal placed before the National Assembly by President Muhammadu Buhari on Thursday, October 8, 2020, a number of issues, very grave and perhaps disturbing issues arise.
“This is in opposition to the Monetary Duty Demonstration of 2007, which gives Partially II, Segment 12, subsection 1 that: ‘Total Consumption and the Total sum appropriated by the Public Gathering for each money related year will not be more than the assessed total income in addition to a shortfall, not surpassing three percent of the assessed GDP or any supportable rate as might be dictated by the public Get together for each budgetary year.”