Appropriation: Buhari Presents 2020 Budget To National Assembly Next Week - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
October 2, 2019
The Presidency has given reasons President MuhammaduBuhari didn’t keep to his administration’s promise to present the 2020 budgetto the National Assembly in the third week of September.
It also said Buhari, who would visit South Africathis week, would present the budget next week.
This came as findings indicated that thenon-presentation of the estimates had increased pressure on the administrationto achieve a return of the country to the January-December budget cycle.
Nigeria currently runs a May-June budget cycle, adevelopment caused by executive-legislature delays since the 8th NationalAssembly. The delays have caused “distortions” in implementation and the inabilityto meet budget targets.
It also noted that throughout last week, Buhari wasaway to the United States, where he participated in the activities of the 74thSession of the United Nations General Assembly.