Mtef budget office of the federation federal republic of nigeria. The budget office is structured into six departments six operational departments and three units. Read all the latest news, breaking stories, top headlines, opinion, pictures and videos about medium term expenditure framework from nigeria and the world on today. Besides, he faulted the government for setting its economic growth projections of 2. Medium term expenditure framework and budget effectiveness in nigeria. This means that additional allocations to a programme will need to be funded by reductions in funding for another programme, either within the departments budget. Medium term expenditure framework mtef seems to be the. Medium term expenditure framework news latest breaking. Medium term expenditure framework mtef seems to be the framework that best meets these criteria.
Government to prepare the mediumterm expenditure framework mtef and. Expenditure trends for the medium term the national commission for civic education was allocated a budget of gh. Ghana and nigeria adopted and implemented it in 1996 and 2009 respectively. Medium term expenditure frameworks mtefs are receiving renewed attention in the context of the formulation of poverty reduction strategy papers prsps. This scoping paper puts forward options for mediumterm expenditure frameworks mtefs that could be adopted by nigerian states. The medium term expenditure framework mtef provides the link.
Conceptually, mtefs are the ideal tool for translating prsps into public expenditure programmes within a coherent multiyear macroeconomic and fiscal framework. Mtef budget office of the federation federal republic. Medium term expenditure framework mtef has replaced the traditional. A recent downgrade of nigeria s credit ratings further down in the junk category was because of the. Beyond the annual budget international monetary fund. The inadequacy of annual budget system has in recent times forced many countries government into search for a more appropriate framework that supports the reform of policy makers degree of planning, improves inter and intrasectoral. Various documents of central bank of nigeria, budget office and. The total expenditure for the period 2016 and 2017 january to august stood at gh.
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