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FEC approves 2017 budget proposal and MTEF and FSP.
FEC approves 2017 budget proposal and MTEF and FSP.

FEC approves 2017 budget proposal and MTEF and FSP.

The Federal Executive Council has approved the 2017 budget proposal and the Medium Term Expenditure Framework, MTEF and Fiscal Strategy Paper, FSP, which will be transmitted to the National Assembly for further ratifications.

Minister of Budget and National Planning, Senator UDOMA UDO UDOMA, who briefed State House correspondents after Wednesday’s FEC meeting, revealed that the details of the budget as approved by FEC would be revealed when the President MUHHAMADU BUHARI sends the bill to the National Assembly.

Disagreeing with the Senate’s rejection of the MTEF which it had earlier described as empty and not worthy of consideration because it did not contain the details of the fiscal proposals, UDOMA said that the MTEF was prepared by experienced experts after extensive consultations.

The FEC meeting was presided over by President MUHAMMADU BUHARI.

 

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