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Tuesday, 6 December 2016

Pres Buhari to present 2017 budget December 14

President Muhammadu Buhari, yesterday asked the Senate to grant him Wednesday, December 14th, 2016 to present the 2017 Appropriation Bill to the joint session of the National Assembly.

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The request is contained in a letter read by the Senate President, Abubakar Bukola Saraki, on Tuesday entitled “2017 budget proposal and plans to lead Nigeria out of recession.”

 The presentation of the budget is coming without the approval of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) by the Senate.

Although the MTEF has been considered and referred to the joint Senate committee of Appropriation, Finance and National Planning, the fiscal document which detailed the parameters for the 2017 to 2019 fiscal measure, is yet to be approved.

The presidential letter read in part, “I crave the kind indulgence of the National Assembly to grant me the slot of 1000 hours on Wednesday, the 14th of December, 2016 to formally address a joint session of the National Assembly on the 2017 budget proposal and our plans to get the country out of recession.

“Please extend Mr. Senate President, the assurances of my highest regards to the distinguished senators, as I look forward to addressing the joint session.”

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