The Federal Executive Council will hold an emergency meeting on the Medium Term Expenditure Framework (MTEF)on Monday.
The meeting which will be presided over by President Muhammadu Buhari is expected to approve the MTEF in preparation for the presentation of the 2016 Budget.
The Minister of Budget and National Planning, Udoma Udo Udoma, told State House correspondents yesterday that his ministry would seek FEC’s approval for the MTEF next week
According to him, the government is working hard to ensure the budget is ready before the year ends adding that President Buhari was introducing zero-based budgeting which means that every activity must be justified in accordance with the principle of this administration.
“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”.mn
He added that following this , the Federal Government would start what he called “bilateral discussions” with the various ministries, departments and agencies (MDAs).
He said”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,”.
