ABUJA—THE Senate yesterday, disclosed that President Goodluck Jonathan would soon forward the 2014-2016 Medium-Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, to the National Assembly in line with the Fiscal Responsibility Act.
Chairman, Senate Committee on Rules and Business, Senator Ita Enang, PDP, Akwa Ibom North East, who stated this while briefing newsmen, said the 2014-2016 MTEF was expected to contain the Federal Government’s projected revenue, as well as the crude oil benchmark for the years under review.
He said the two ingredients were needed in the preparation and subsequent consideration of the 2014 national budget, being expected by the President.
The oil benchmark price of $75 per barrel arrived at for the 2013-2015 fiscal year’s was subject of intense horse trading between the executive and the House of Representatives.
A $79 per barrel oil benchmark was later agreed for the 2013 budget.
Enang said the Senate on resumption from its two-month annual recess, would give priority to the expected conference report of the National Assembly committees on the review of the 1999 constitution, as well as issues related to the development of the Federal Capital Territory, FCT.
He said the Senate President, David Mark, would deliver an address today on the direction of the Senate after its seven-week recess.
The Petroleum Industry Bill, PIB, constitution review, emergency rule, Rivers crisis, 2014 budget among others are expected to top agenda.
According to the Senate Notice Paper for today, the report of the Committee on the Establishment and Public Service on the National Assembly Service Commission Act Cap N7 2004 (Repeal and enactment) Bill 2013 is expected to be laid.
The report of the Committee on Foreign Affairs on the screening of presidential nominees for the appointment as career and non-career ambassadors is also to be considered.
Report of the Committee on Health on the National Health Bill 2013 (consideration); a Bill for an Act to amend the Nigeria Social Insurance Trust Fund Act CAP N88, LFN, 2004 to provide Social Security/Protection to all eligible citizens of Nigeria who are ordinarily resident in Nigeria whether employed both in the private and public sector, unemployment and aged without discrimination and related matters 2013, also top issues of the day’s discussion.
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