Thursday, October 22THE LEGISLATURE

President Buhari to Present 2019 Budget Proposal to Nat. Assembly Wednesday

President Muhammadu Buhari will on Wednesday next week present the 2019 budget proposal to the joint session of the National Assembly.
T
his was contained in a letter transmitted to the Speaker of the House of Representatives, Yakubu Dogara and read during the plenary session on Thursday.

Parts of the letter read: “May I crave the kind indulgence of the House of Representatives to grant me the slot of 11 hours on Wednesday, 19th December, 2018 to formally present the 2019 appropriation bill in a joint session and lay before the NASS the 2019 budget proposal.”

The Federal Government had earlier said that next year’s budget would be N8.7tn, a drop from the N9.12tn approved for 2018.

The 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy Paper already laid before the National Assembly contained N8.7tn as the budget size for 2019.

FEC in October 24, approved the MTEF.