The MTBF has provided the framework for budget preparation in all ministries, department and agencies of the federal government since 2009.
The Cabinet in its meeting held on 21st January, 2009 approved the adoption of MTBF across the Federal Government.

Objectives:

The MTBF has three main objectives:

  To further strengthen fiscal discipline by creating and orderly framework for management of the annual
      budget over the medium term;

   To strengthen the alignment of federal resources by the government to the government’s policies and
      strategies;

   To build the capacity in federal ministries to prepare and manage their budgets in a manner which
      provides cost-effective service delivery (outputs) and efficient use of public funds (value for money).