[NEWS] BUDGET: BUHARI WRITES NASS

 

PRESIDENT MUHAMMADU BUHARI HAS TRANSMITTED THE 2019-2021 MEDIUM TERM EXPENDITURE FRAMEWORK (MTEF) AND FISCAL STRATEGY PAPER (FSP) TO BOTH CHAMBERS OF THE NATIONAL ASSEMBLY FOR CONSIDERATION AND APPROVAL.

PRESIDENT OF THE SENATE, BUKOLA SARAKI; AND SPEAKER OF THE HOUSE OF REPRESENTATIVES, YAKUBU DOGARA, READ BUHARI’S COVER LETTER ON THE DOCUMENT IN THE CHAMBERS DURING PLENARY ON TUESDAY.

IN THE LETTER, THE PRESIDENT TOLD THE LAWMAKERS THAT TIMELY PASSAGE OF THE MTEF AND FSP WILL ALLOW THE 2019 APPROPRIATION BILL TO BE PREPARED ON TIME FOR LAYING BEFORE THE NATIONAL ASSEMBLY.

THE FEDERAL EXECUTIVE COUNCIL HAD EARLIER IN OCTOBER APPROVED THE 2019-2021 MTEF AND   FSP, WHICH PROPOSED N8.73TN FOR THE 2019 BUDGET, N400BN LOWER THAN THAT OF THE CURRENT FISCAL YEAR.