Buhari submits medium-term expenditure framework (MTEF) to Senate

President Muhammadu Buhari has submitted the 2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the Senate.

The MTEF and FSP was forwarded in a letter the president sent to the Senate President on Wednesday.

According to the president, the 2020-2022 MTEF FSP was prepared taking into account key developments in the global and domestic environment.

He urged members of the upper legislative chamber to expeditiously consider the proposal.

The letter read in part, “It is with pleasure that I hereby submit the 2020 – 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) to the Senate.

“Let me use this medium to express my gratitude for the much-improved partnership between the legislative and the executive arms of the Federal Government in our goal of making the budget process deliver better outcomes for the Nigerian people in particular.

“I note with further appreciation, the commitment and support that Distinguished Senators have continued to demonstrate. Pursuant to the provision of the fiscal responsibility Act 2007, the preparation towards the submission of the 2020 budget to the National Assembly is progressing well.”

It will be recalled that last week, Senate President Ahmed Lawan pledged that the Senate will consider the MTEF within the first week of resumption if it receives the MTEF and 2020 Budget from the executive.