The 2020 budget proposals of the Federal Government appear to be currently beset with many challenges akin to what currently plagues the current 2019 budget. In preparation for the presentation of the 2020 budget to the National Assembly, the recent release of the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) by the…

The Federal Government is to reduce capital vote from the current 32 per cent to 17 per cent in the 2020 appropriation bill. Conversely, it plans to raise recurrent expenditure to 79 per cent from 68 per cent in the coming budget.