The National Assembly has put machinery in place to amend the 58 year old Fiscal Responsibility Act (FRA), with the submission of the report upon which the amendment would be predicated.
The report, which was presented to the President of the Senate, Bukola Saraki by the Leader of the Senate, Ali Ndume in Abuja, recommends that annual budget be presented in the first week of September.
The report presented by the Technical Committee on Budget Reforms also recommended that the budget be considered within two months and passed latest on the 30th of November.
SOURCE: THE GUARDIAN