The Federal Government is taking necessary measures to resolve the issues delaying the passage of the 2016 budget at the National Assembly.
This according to the Minister of Budget and National Planning, Sen. Udoma Udo Udoma, is to ensure the quick enactment of the 2016 budget.
Senator Udoma gave the assurance on Thursday at a meeting with the State Commissioners of Economic Planning and Chief Executives of State Planning Commissions in Abuja.
He said that the budget which is structured on non oil revenue has the sole aim of reviving the economy.
"We have resources which we need to harvest; we have agencies of government that generate revenues which are not being captured.
"We have in addition, many people who do not pay their taxes, so we want to increase tax collection.
"We want to try and get more people to pay their taxes; also we want to block all leakages because there are many leakages in the system
"So, by blocking leakages, by getting all the excess revenues and harvesting them, it is through these ways that we intend to fund the budget,’’ he said.
Udoma also said that government would need to borrow to meet the funding gap in the budget.
"We cannot afford to allow the economy to come to crumble
"We have to revive it and the typical way you revive an economy is that you do a major capital spending, harvest your resources and also borrow.’’
NAN
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