President Jonathan to present 2014 budget to National Assembly Nov 12

President Goodluck Jonathan has written to the Senate expressing his intention to present the 2014 budget to the National Assembly on Nov. 12.

Jonathan, in the letter dated Oct. 23 said: 'I write to crave your kind indulgence to grant me the slot of12:00 noon on Tuesday, Nov. 12 to enable me formally address a join session of the National Assembly on the 2014 budget.

'While thanking the distinguished senators for the constancy of their support, please accept the assurances of my highest consideration.'

The Senate had to adjourn early to allow committees complete work on the Medium Term Expenditure Framework (MTEF).

The MTEF has to be debated, adopted and passed before the budget can be discussed since it forms the basis upon which the budget is formulated.

The president presented the 2013 budget to the National Assembly on October 10, 2012.