Medium-term Expenditure Framework Statement laid in Parliament today;
The Medium-term Expenditure Framework Statement (MTEF) was laid in Parliament in national capital today. The MTEF Statement sets forth a three-year rolling target for the expenditure indicators with specification of underlying assumptions and risks involved. The MTEF is essentially a vertical expansion of the aggregates of the expenditure projections in the fiscal framework presented along with the Annual Financial Statement and Demands for Grants.