Gbajabiamila Urges FG to Submit The 2020/2022 Budget by September
As the National Assembly resumes plenary sessions today, the Speaker of the House of Representatives, Hon. Femi Gbajabimila on Monday urged the presidency to make early submission of the Medium Term Expenditure Framework, MTEF to the National Assembly at least by the end of the and
Channels Television reports that Gbajabiamila said this when he received Boss Mustapha, Secretary to the Government of the Federation (SGF), at the National Assembly.
He said the move would help to bring back the budgeting process to the 12-month calendar cycle.
“Part of the reforms which we are seeking to achieve is that we would want a situation where before we go on break, in the next two or three weeks, the MTEF is submitted to this House so that we can pass the MTEF before we go on a long break.
“And when we come back in September, maybe within a week, we would have the budget before us because by Finance laws, the budget is based on the MTEF. “We don’t want to rush everything at the end of the day when budget is brought in December. So this is the timetable we have set.
“We want the MTEF to be submitted in the next two or three weeks, go over it, work on it and pass it before we go on our long break and when we come back in September, you present the budget to us. “And what does that do? It leaves us with three months to pass the budget.
“And what does that do? It brings us back to the cycle that has been evasive of January to December so that by January 1, we have passed the budget. “This way, we are back to that full cycle calendar year as envisaged in the constitution. “So we will want you to help us with this process,” he said.