Nigeria president delivers disputed 2013 budget


(Reuters) – Nigeria’s President Goodluck Jonathan on Wednesday presented a 4.93 trillion naira ($31.35 billion) budget to parliament for 2013, increasing spending but shrinking the deficit and cutting the share taken by recurrent expenditure.

In a sign there was likely to be a showdown between cabinet and parliament the cabinet over the bill, speaker Aminu Tambuwal said the house had proposed to inflate cabinet’s oil price assumption in the 2013 budget to $80 barrel, from $75 a barrel, triggering cheers from fellow legislators.

Read more at Reuters

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