House Passes 2025-2027 MTEF/FSP Ahead of Upcoming Budget Presentation

The House of Representatives has approved the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper ahead of next week's presentation of the 2025 Appropriation Bill. The approval comes as lawmakers prepare to present their budget plans for the upcoming fiscal year.

The House of Representatives has approved the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper, a move that paves the way for the presentation of the 2025 Appropriation Bill next week. This approval marks an early step in the budget planning process for the upcoming fiscal year, allowing lawmakers to solidify their financial strategy ahead of schedule. The passing of the MTEF/FSP demonstrates the legislative body's proactive approach to managing the country's finances and sets a framework for responsible spending over the next three years. With this approval, the stage is now set for the presentation of the 2025 Appropriation Bill, which will outline key expenditure priorities and allocations for the government.