The Senate has said even though President MUHAMMADU BUHARI will present the 2017 Appropriation Bill to the National Assembly next Wednesday, it will not consider the bill until the 2017-2019 Medium Term Expenditure Framework, MTEF and Fiscal Strategy Paper, FSP it is currently working on is passed.
BUHARI’s letter to the Assembly was read by the President of the Senate, BUKOLA SARAKI, during plenary at the Senate on Tuesday.
The President, in the letter titled: ‘2017 Budget Proposals and Plans to lead Nigeria out of recession’, said he would also address a joint session of both chambers of the National Assembly on the efforts by his administration to bring the country out of recession.
Deputy Majority Leader of the Senate, Senator BALA IBN NA’ALLAH, while making clarifications on the possibility of presenting the budget proposals to the legislature when the MTEF/FSP had not been passed, stated that the lawmakers would not work on the bill until the framework had been approved.
Recall that President, BUHARI had sent the MTEF/FSP, which will form the basis for the national annual budget for the three years, to the National Assembly for legislative approval, and had narrowly escaped being rejected for the second time by the Senate on November 23.
The upper chamber of the National Assembly condemned the projections in the document as unrealistic.
The senators, took turns to criticise the new version of the MTEF/FSP concluded that it should be sent back to the Executive to include the correct figures showing the true state of the economy.