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House of Reps receives report on MTEF/FSP

The House of Representatives has received the report of its Committee on Finance on the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF) for 2022 to 2024.

The Committee Chairman, James Faleke, submitted the report to the House during plenary on Wednesday.

The MTEF/FSP is the template on which the annual budget preparation is based.

Recall that the MTEF document, which was submitted to the National Assembly in July, was referred to the House Committee on Finance to interrogate and make recommendation to the House before the 2022 budget is presented by the President.

It was earlier scheduled for presentation and consideration on Tuesday but was stepped down.