President Bola Tinubu will submit the Medium Term Expenditure Framework and Fiscal Strategy Paper to the National Assembly next week.
The Senate, through its Finance Committee, is set to meet with key stakeholders in the finance sector, in preparation for the document’s submission.
The MTEF, a legally required framework, establishes the groundwork for the national budget, guiding economic projections and policy direction.
By law, it must be presented to the National Assembly before the budget proposal.
Speaking on the anticipated submission, Senate spokesperson, Yemi Adaramodu (APC, Ekiti South), confirmed that the MTEF document would be sent next week.
He added that once work on the MTEF was completed, the President would follow with the budget presentation.
Peoplesmind
