Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,170,587 members, 7,878,669 topics. Date: Wednesday, 03 July 2024 at 01:19 AM

President Buhari Presents N20.51trn 2023 Budget Proposal To NASS - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / President Buhari Presents N20.51trn 2023 Budget Proposal To NASS (111 Views)

2023: Buhari Presents N19.76tr Budget Proposal To The National Assembly / Sanwo-Olu Presents Lagos State Budget Proposal Of 1.168 Trillion Naira for 2020 / Buhari Presents Ndoma As 'Governorship Candidate' Instead Of Owan Enoh (2) (3) (4)

(1) (Reply)

President Buhari Presents N20.51trn 2023 Budget Proposal To NASS by voiceoftheupcom: 1:14pm On Oct 07, 2022
President Buhari presents N20.51trn 2023 budget proposal to NASS

President Muhammadu Buhari presented the proposed N20.51 trillion budget for the 2023 financial year to a joint session of the National Assembly today October 7.

The N20.51 trillion budget which was presented by the president is the last he will present before his tenure elapses. According to the president, this 8th budget is tagged the budget of Fiscal Sustainability and transition.

While addressing the lawmakers, the president said 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 these fiscal assumptions and parameters, total federally-collectible revenue is estimated at 16.87 trillion Naira in 2023. The President further stated that the total federally distributable revenue is estimated at 11.09 trillion Naira in 2023, while the total revenue available to fund the 2023 Federal Budget is estimated at 9.73 trillion Naira. This he said includes the revenues of 63 Government-Owned Enterprises

The president also disclosed that oil revenue is projected at 1.92 trillion Naira, Non-oil taxes are estimated at 2.43 trillion Naira, FGN Independent revenues are projected to be 2.21 trillion Naira. Other revenues total 762 billion Naira, while the retained revenues of the GOEs amount to N2.42 trillion Naira.

In his speech, the president stressed that the 2023 Appropriation Bill aims to maintain the focus of MDAs on the revenue side of the budget and greater attention to internal revenue generation.

https://makesensepromotions.com/president-buhari-presents-n20-51trn-2023-budget-proposal-to-nass/

(1) (Reply)

None Is Free, Till All Is Free / Daily News Report Headlines / Politics

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.