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. [ruby_related heading=”More Read” total=5 layout=1] 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 ...
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