FEC may approve MTEF Monday

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FEC may approve MTEF Monday

FEC may approve MTEF Monday
December 06
05:55 2015

• No going back on zero budgeting, says minister
Barring any last minute change of plan, the Federal Executive Council (FEC) would on Monday, approve the Medium Term Expenditure Framework (MTEF).
The zero budgeting policy of the government, according to the federal government, would also be strictly enforced.
Minister of Budget and National Planning, Senator Udo Udoma, made this known to State House correspondents after the Vice President, Prof Yemi Osinbajo (SAN), visited the officials currently fine-tuning the 2016 budget.
He said: “This administration is introducing zero-based budgeting which means that every activity must be justified in accordance with the principle of this administration.
The minister said: “We have camped people here to do data clean-up and integrity checking in preparation for the budget. We invited the Vice President to come and see what we are doing. When we finish this process, we will then start the bilaterals: discussing with the various MDAs.
“Next week, we will get approval from Council for the MTEF. After that, we will have numbers to give them. So we are working very hard to ensure that the budget is out before the end of the year.”

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