Business
‘2013 Budget ‘ll Address Oil Pricing’
The 2013 budget presented by President Goodluck Jonathan to
the National Assembly is intended to address the uncertainties in global oil
pricing, Mr Olisa Metuh, PDP National Publicity Secretary, has said.
“The budget is intended to take care of the uncertainty in
the global oil pricing and insulate the economy from the adverse effects of its
volatility,” Metuh said on Wednesday in Abuja in a statement.
He expressed excitement over the budget and congratulated
President Goodluck Jonathan for taking bold initiatives to stabilise the
economy.
Describing the president‘s effort as ‘courageous’, Metuh
said the initiatives would reduce budget deficit and set a realistic oil bench
mark to insulate the economy from the harsh effects of global recession.
Metuh also commended the president for presenting the budget
within the time frame stipulated by the constitution to enable members of the
National Assembly carry out their constitutional responsibilities.
“The early presentation of the budget will give the National
Assembly enough time to do a thorough job as well get it passed on time for the
executive to appropriate,” he said.
He also applauded Jonathan for building into the budget,
provisions to tackle the long-standing concerns on women empowerment.
“Women are the bedrock of the society and the president has
remained faithful to the commitment of our party to empower women.
“His elaborate provisions in next year’s budget in this
direction are a continuation of a well thought out policy to improve the lots
of women,” Metuh said.
The publicity secretary expressed satisfaction with the
synergy and the existing mutual relationship between the president and the
National Assembly.
“This is a sure sign that democracy under the PDP has come
of age.
“We wish to commend the National Assembly which our great
party leads for being a good ambassador in the discharge of its constitutional
responsibilities.
“We appreciate their efforts in promoting democratic
values,’’ Metuh said.
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