President Muhammadu Buhari has submitted the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) to the Senate.
Senate President Ahmad Lawan read Buhari’s letter seeking the Upper Chamber’s consideration and approval of the MTEF/FSP at plenary in Abuja.
The Federal Government’s 2021 budget would be prepared based on the parameters and fiscal assumptions of the approved 2021-2023 MTEF/FSP.
President Buhari said the early submission is to allow the legislature enough time to perform its constitutional duties of reviewing the framework.
He sought the Senate’s expeditious legislative action on the submitted document.
