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President Buhari To Present 2017 Budget Next Week

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President Muhammadu Buhari has indicated that he will present the 2017 budget before the National Assembly on Wednesday, December 14.

This was contained in a letter read by Senate President, Bukola Saraki during Tuesday’s plenary on the floor of the Senate.

Part of the president’s letter read: “I wish to formally address a joint session of the National Assembly on the 2017 budget and our quest to get the country out of recession”.

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Recall that last week, the Federal‎ Executive Council, FEC, had approved the 2017 budget, which is estimated to be N7.02trn.

The budget was prepared using an oil benchmark of $42.5 per barrel.

The senate has considered the Medium Term Expenditure Framework, MTEF, which is a precursor to the budget.

It had earlier rejected the initial Medium Term Expenditure Framework, MTEF, document sent to it by the executive, describing the document as ‘empty’.

Senate Leader, Ali Ndume accused the Minister of Finance, Kemi Adeosun, and that of Budget and Planning, Udoma Udo-Udoma of refusing to provide details of the document.

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