The MTEF is the policy framework that backgrounds the federal budget and the parametres of revenue that go into the distributable pool account called the Federation Account. The presentation also provided the opportunity to report on the performance of the 2021 federal budget in terms of the Federal Government revenue and expenditure as well as the inflow of revenue into the Federation Account. I seek to review the key issues and matters arising from the performance of the 2021 federal budget. In the review of the performance of the 2021 federal budget, the link between revenue and expenditure stood out as a huge challenge. As a percentage of the retained revenue, debt service was 97.8% leaving only 2.2% of retained revenue after debt service.

Source: Punch July 04, 2021 23:15 UTC