…As FG proposes N12.66trn budget
…Deficit of N5.16trn; loan N4.28trn
By Henry Umoru
PRESIDENT Muhammadu Buhari yesterday submitted to the Senate the 2021-2023 Medium Term Expenditure Frame Work, MTEF, and Fiscal Strategy Paper, FSP, for scrutiny and subsequent approval.
President Buhari’s letter was read yesterday by the President of the Senate, Senator Ahmad Lawan
Buhari’s letter read: “It is with pleasure that I forward the 2021/2023 MTEF/FSP for the kind consideration and approval of this distinguish Senate.
“Let me cease this opportunity to express my deep gratitude for the cooperation and support of the distinguished members of the senate in our collective efforts to sustain the restoration of the January to December financial year.
“In line with our commitment, we have worked very hard to archive an earlier submissions of the MTEF/FSP .
“This is to allow the National Assembly …
Source: Vanguard Newspaper