Tag: Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF and FSP)

Bayelsa State Governor, Senator Douye Diri, on Wednesday, presented the 2024 budget of N480.99 billion to the State House of Assembly for consideration and passage. Presenting the appropriation bill christened: "Budget of Sustainable and Shared Prosperity," Governor Diri recalled that in October 2023, the assembly approved the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF and FSP) for the state. He explained that the budget proposal was predicated on the assumptions contained in the approval of the assembly. His words: “Mr. Speaker, I wish to present the 2024 budget estimates to the House. We are guided by the desire to prepare a realistic, implementable and prioritised budget, which is a reflection of the aspirations and wishes of critical stakeholde...