Implementation of 2017 Budget Will Start on 1st of Jan, 2017 – Presidency

The Presidency has stated that the 2017 budget presentation is being delayed because the National Assembly is yet to approve the Medium Term Expenditure Framework/‎Fiscal Strategy Paper.

The 2017-2019 MTEF/FSP was submitted 14 days ago to the NASS for approval.

President Buhari’s Senior ‎Special Assistant on National Assembly Matters (Senate), Senator Ita Enang, said government agencies are already working toward the 2017 Budget proposal.

“It is what is approved by the National Assembly and the parameters such as the exchange rate, oil price benchmark, volume of the budget, borrowing plan and other parameters that are contained therein that may be approved or as may he approved by the National Assembly that will be used in concluding the budget estimates.

“I want to assure you that on the part of the Executive, the budget will be concluded and presented such that the budget will be considered and approved, working with every person, within the year, such that the implementation can start by 1st of January, 2017.

“That is the expectation of the Executive and that is what Mr. President, the Vice President and the honorable ministers are working towards.

“Therefore, I want us to relax and be a‎ssured that all will be done within the time.

“Definitely, we are working together with the legislature on getting MTEF and FSP passed that it will guide us in the conclusion of budget details.”


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