BREAKING: Senate Gives President Buhari Deadline To Present 2021 Budget
The president of the Senate, Ahmad Lawan, has given President Muhammadu Buhari till the end of September to present the 2021 budget.
Daily Times gathered that Lawan asked the president to present the 2021 budget while deferring the 2021-2023 Median Term Expenditure Framework and Fiscal Strategy Paper, which were submitted to the federal Parliament by the president.
READ ALSO: Senate passes N10.8trn revised budget for 2020
He said “the presentation of the budget before the end of September, would enable the National Assembly to complete necessary works and pass it before the end of December.”
Lawan called on the various committee members to engage all the revenue-generating committees very well to ensure that a thorough job is done.
Recall that President Buhari signed into law the revised N10.8 trillion 2020 budget, and directed the release of at least 50 per cent of the approved 2020 revised capital expenditure to Ministries, Departments and Agencies (MDAs).
The Federal Executive Council (FEC) had on May 13, approved a revised budget of 10.523 trillion.
However, the two chambers of the National Assembly – the Senate and House of Representatives — increased the budget from the initial N10.5 trillion submitted by the President to N10.8 trillion.
