President Muhammadu Buhari will next month present a budget estimate of N8.73tr to the National Assembly for next year’s fiscal calendar, Daily Trust learnt last night.

A presidency source told Daily Trust that the president will soon write the National Assembly to request for a date to present the budget proposal to the joint session of the parliament.
This year’s budget was presented on November 7, 2017 to the joint session of the National Assembly, Daily Trust recalled.

The source, who pleaded not to be named, said: “It is the National Assembly that will give the President a date. The president will soon request that a date be given to him to present the budget. That has been the practice. All I know, the minister said next month.”
At yesterday’s Federal Executive Council (FEC) meeting presided over by President Buhari, the Medium Term Expenditure Framework (MTEF)/Fiscal Strategy Paper (FSP) for 2019-2021 was approved.
Minister of Budget and National Planning, Senator Udoma Udo Udoma, said budget estimates of N8.73tr was proposed for next year’s fiscal calendar, N400bn lower than that of this year.
He said the council has also pegged the price of crude oil per barrel at $60, exchange rate at $305 and daily crude oil production at 2.3m.
https://www.dailytrust.com.ng/2019-budget-buhari-presents-n8-73tr-estimates-to-n-assembly-next-month.html?

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