Last week, the President signed the supplementary budget after it was approved by Parliament raising heavy concerns as to how a supplementary budget came just four months into the financial year. It has now become a trend to have two supplementary budgets every financial year.
This trend brings to question how these new expenditure items deemed critical to be slotted into the supplementary budget are always left out during the budget’s formulation? Are these expenditures always left out deliberately by the Treasury to shrink the size of the budget during formulation knowing they will introduce them later through a supplementary?
