Assembly on Tuesday to present the estimates of the 2014 budget has
been cancelled.
The PUNCH learnt that a key reason for the cancellation centred around
the Medium Term Expenditure Framework, which has not been approved by
the National Assembly.
The approval of the MTEF must precede the next budget in compliance
with the Fiscal Responsibility Act, 2007.
A source claimed that there was an unresolved dispute between Jonathan
and the lawmakers on the crude oil benchmark for the budget, put at
$74.
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