The Bayelsa State House of Assembly has passed the 2022-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper ahead of the expected presentation of the 2023 appropriation bill by the State Governor, Senator Douye Diri.
The Bayelsa Assembly members, including the leader of the house and member representing Southern Ijaw 2, Rt. Hon. Monday Obolo, Hon. Menelayefa Gibson , Hon. Tare Porri , Rt. Hon. Tonye Isenah and Hon. Daniel Charlse, agreed that the MTEF/FSP documents presented to the House by Diri complied with the fiscal responsibility laws as provided for in section 120 and 121 of the 1999 constitution as amended.
“It is to help prepare the state budget. It provides insight into the macro and micro economic factors that will guide and assist in the consideration of the budget proposals. He also assured that due to the details provided by the state governor, the proposed N385 billion funding of the state budget was achievable.
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