2016 Budget: Why Buhari keeps delaying proper implementation – Presidency

By Cynthia Ferdinand December 5, 2015 11:36

2016 Budget: Why Buhari keeps delaying proper implementation – Presidency

President Muhammadu Buhari has revealed he is finally set to present a Medium Term Expenditure Framework, MTEF, as well as Fiscal Strategy Papers, FSP, to the National Assembly any time next week.

The MTEF has been long overdue as prescribed by the Fiscal Responsibility Act 2007, Part II (Sec. 11 1b) which states that the government shall submit the MTEF for three financial years not later than four months before the commencement of the next financial year.

Senior Special Assistant to the President on National Assembly Matters, Ita Enang, speaking to the press on Friday, December 4, 2015, insisted Buhari did not violate the Fiscal Responsibility Act even as he is yet to present the documents a few days to the end of the 2015 financial year.

This may not be unconnected to the closed door one hour private meeting held between Buhari and Senate President, Bukola Saraki on Thursday, December 3, 2015 at the presidential villa.

According to Enang, “There is no violation at all. It’s within what is allowed by law. We are not in violation at all.

    “I want to assure you that in the next few days, Mr. President will forward the Medium Term Expenditure Framework and the Fiscal Strategy Paper to the National Assembly.

    “The National Assembly will consider it and in the course of it, Mr. President will communicate to the National Assembly the date on which the 2016 budget will be laid.

    “The National Assembly will consider it and in the cause of it, Mr. President will communicate to the National Assembly the date on which the 2016 budget will be laid. The letter will be issued and the letter will communicate the date,” He stated