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Wednesday , 13 December 2017

Buhari set to submit the 2018 budget, another crisis looms

The Executive has concluded plans to submit the 2018 budget to the National Assembly before the end of this month.But experts are of the opinion that the MTEF is supposed to be submitted to the legislature months before the budget but with the minister’s revelation that the budget will be submitted this month, it is unclear if the budgeting process will not be thrown into another controversy.

This disclosure was made by the minister of state for Budget and National Planning Hajia Zainab Mohammed at a press briefing to mark the end of the 23rd Nigerian Economic Summit in Abuja on Thursday.

Hajia Mohammed said the prepared 2018 budget will be presented to President Muhammadu Buhari shortly for the Federal Executive Council (FEC) approval before the budget is finally transmitted to the National Assembly.

“We are working closely with the legislature. We want to ensure the budget is passed in December so that it start to work from January 2018” she said.

Zainab Mohammed who was silent on when the Medium Term Expenditure Framework (MTEF) will be presented to the National Assembly said she was optimistic that the 2018 budget will passed in time to meet the January commencement of the fiscal year as planned.

The MTEF is supposed to guide the legislators in passing the main budget and pointing them in the general direction of government’s fiscal activities for the coming three years.

 

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