Udoma Udoma, minister of budget
national planning, says the 2019 budget proposal is ready but the national
assembly is yet to fix a date for its presentation.
Udoma made this known during a
press briefing at the end of the federal executive council (FEC) meeting in
Abuja on Wednesday.
The meeting was presided over by
President Muhammadu Buhari, who had approved the estimates of the budget
proposal during a special FEC meeting on Friday.
Udoma said it is now left for the
national assembly to give a date for the submission of the budget proposal.
“As you already know, the budget
is ready. We are liaising with the national assembly because they are to give
us a date. If they say today, we will go. The budget is ready,” he said.
In October, the council had
approved the 2019-2021 medium-term expenditure framework (MTEF) and fiscal
strategy paper (FSP), and forwarded same to the national assembly for its
consideration and approval.
In the following month, Udoma
announced that the government was considering a reduced budget of N8.6
trillion, compared to the N9.1 trillion approved by the national assembly for
2018.
He said the decision was due to
reduced government revenue projection for the year.
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