The date for the presentation of the Budget followed a letter dated October 23rd which was addressed to the Senate President and the Speaker of the House of Representatives.
The letters were read in both chambers of the National Assembly at plenary today.
Following the development, the Senate stood down some of the items listed on its Order Paper, which it had scheduled for deliberation at plenary. This gave an opportunity for members of the Senate and House Committees on Finance to meet revenue generating agencies to consider the Medium Term Expenditure Framework.
It will be recalled that President Goodluck Jonathan had on September 17, submitted to the Senate, the 2014-2016 Medium-Term Expenditure Framework and Fiscal Strategy Paper.
Both documents set the parameters for the medium-term expenditure plan of government before the 2014 budget presentation.