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President to Present budget on October 11th

By on October 4, 2012

Barring any last minute changes, President Goodluck Jonathan will on October 11 (next Thursday) officially present the 2013 Appropriation Bill to the National Assembly.
Presently, the House of Representatives are on an inspection tour of capital projects in the 2012 budget and are expected to return by the 9th of October, two days before the presentation date. 

It was learnt that, the president has however, communicated the new date to the national Assembly and the he had agreed with the postponement because, the reasons given by the National Assembly were tenable enough.
According to a reliable source, “The Executive accepted the shift of the October 4 date for budget presentation in good faith because of the reasons advanced by the Legislature.”
“So, instead of forwarding the budget, the President will present it on October 11. The Executive does not want any row over budget with the National Assembly again.
“The leadership of the legislature, members of the Federal Executive Council and Ministries, Departments and Agencies (MDAs) have been informed of the new date.” He added.
What remains unknown is whether the executive will adjust the planned estimates because of the inconsistencies discovered in the 2013-2015 Medium Term Expenditure Framework and Fiscal Strategy Paper by the House of Representatives.