FISCAL RESPONSIBILITY ACT

Section 18: Annual budget to be derived from Medium-Term Expenditure Framework.

2007Section 18 of 57Federal Republic of Nigeria

Notwithstanding anything to the contrary contained in this Act or any other law, the Medium-Term Expenditure Framework shall:(1) be the basis for the preparation of the estimates of revenue and expenditure required to be prepared and laid before the National Assembly under section 81 (1) of the Constitution.
(2) The sectoral and compositional distribution of the estimates of expenditure referred to in subsection (1) of this section shall be consistent with the medium term developmental priorities set out in the Medium Term expenditure Framework.

Cite this section

Section 18, FISCAL RESPONSIBILITY ACT (2007).

https://repo.podus.ai/laws/fiscal-responsibility-act/section/18/