Senator Udoma made this confirmation while speaking during the 2016 budget breakdown in Abuja.
He said that the budget would run until the end of May 2017.
He added that there are plans by the Federal Government to ensure that the 2017 budget is passed before December 31.
Meanwhile, the Minister of State for Budget and National Planning, Ms Zainab Ahmed, explained that there is a 500 billion Naira appropriation for special interventions targeted at improving the lives of Nigerians at all levels.
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