FG's plan to borrow as much as $11billion to fund next year's expenditure has been approved by the Senate.
Media reports quoted that the proposal for 2021 targets Non-debt recurrent expenditure of N5.75tn.
The additional N727 billion included into the N10.2 trillion MTEF proposal by the National Assembly has been approved by the FEC.
Federal Government, the allocation of the three tiers of government from the federation account would drop by N2.01 trillion.
![Payroll Support Program, President Buhari appoints 9 Chief Executives for government agencies, Nigerian British firm, Bail-Out Fund: FG deducts N122 billion from states’ account in 7-months [Full-List] , JUST IN: Buhari submits 2020 MTEF to Senate , FG to intervene in tech operation as lockdown causes chaos in tech market](https://i2.wp.com/nairametrics.com/wp-content/uploads/2019/08/Buhari1.png?resize=400%2C240&ssl=1)
![Payroll Support Program, President Buhari appoints 9 Chief Executives for government agencies, Nigerian British firm, Bail-Out Fund: FG deducts N122 billion from states’ account in 7-months [Full-List] , JUST IN: Buhari submits 2020 MTEF to Senate , FG to intervene in tech operation as lockdown causes chaos in tech market](https://i2.wp.com/nairametrics.com/wp-content/uploads/2019/08/Buhari1.png?resize=80%2C80&ssl=1)
@MBuhari has submitted the 2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the Senate.
