The Presidency has announced the postponement of the extraordinary Federal Executive Council meeting scheduled to hold today to Monday next week.
A statement signed by Presidential spokesman, Femi Adesina said the meeting will put finishing touches to the year 2020 budget that is expected to be presented to a joint session of the National Assembly on Tuesday.
The Federal Government had last month proposed a budget of N9.79 trillion for the year 2020.
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said the amount represents an increase of 9.75 percent over N8.916 trillion spending for 2019.
The projection includes a proposed revenue of about N7.64 trillion and a total proposed fiscal deficit component of about N2.142 trillion.
She said the key assumptions of the budget were based on an oil production capacity of 2.18 million barrels per day, crude oil price of $55 per barrel, against $60 per barrel last year, and exchanged rate of N305 to the US dollar.