President Muhammadu Buhari has today presented the proposed N19.76 trillion budget for the 2023 financial year before the two chambers of the National Assembly.
The budget which was presented by the President is the last he would present before his tenure elapses, and it a 15.37 per cent increase from the amount budgeted in 2022.
The President who noted that this 8th budget is tagged the budget of Fiscal Sustainability and transition.
President Buhari while addressing members of the parliament explained that the 2023 transition budget was designed to address critical issues and lay a solid foundation for the incoming administration.
The President said he believes that based on the parameters and fiscal assumptions, the revenue generation should hit about N16.87 trillion.
Details later