{"id":1030,"date":"2019-04-29T00:00:00","date_gmt":"2019-04-29T00:00:00","guid":{"rendered":"http:\/\/placng.org\/Legist\/national-assembly-adopts-and-approves-2019-2021-mtef-and-fsp-ahead-of-budget-passage\/"},"modified":"2020-01-09T02:38:27","modified_gmt":"2020-01-09T02:38:27","slug":"national-assembly-adopts-and-approves-2019-2021-mtef-and-fsp-ahead-of-budget-passage","status":"publish","type":"post","link":"https:\/\/placng.org\/Legist\/national-assembly-adopts-and-approves-2019-2021-mtef-and-fsp-ahead-of-budget-passage\/","title":{"rendered":"National Assembly Adopts and Approves 2019-2021 MTEF and FSP ahead of Budget Passage"},"content":{"rendered":"<p>The National Assembly has unanimously adopted and approved Federal Government\u2019s projections in the 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy Paper ahead of 2019 budget passage.<\/p>\n<p>Under the Fiscal Responsibility Act (FRA) 2007, the MTEF\/FSP is a rolling three-year expenditure plan that details the Federal Government\u2019s medium-term expenditure priorities and provides the basis for the preparation of the annual national budget.<\/p>\n<p>Projections in the passed document include an anticipated oil output of 2.3 million barrel per day, oil price benchmark of $60 per barrel, an exchange rate of N305\/ per dollar, GDP growth rate of three per cent and an inflation growth rate of 9.98 per cent. Passage of the MTEF and FSP is a pre-requisite for budget passage under the FRA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The National Assembly has unanimously adopted and approved Federal Government\u2019s projections in the 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy Paper ahead of 2019 budget passage. Under the Fiscal Responsibility Act (FRA) 2007, the MTEF\/FSP is a rolling three-year expenditure plan that details the Federal Government\u2019s medium-term expenditure priorities and provides the basis for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/1030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/comments?post=1030"}],"version-history":[{"count":1,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/1030\/revisions"}],"predecessor-version":[{"id":1108,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/posts\/1030\/revisions\/1108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/media\/918"}],"wp:attachment":[{"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/media?parent=1030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/categories?post=1030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/placng.org\/Legist\/wp-json\/wp\/v2\/tags?post=1030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}