Breaking fec approves draft proposal 2018 budget

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Breaking News: FEC Approves Draft Proposal for 2018 Budget

The Federal Executive Council (FEC) has approved a draft proposal for the 2018 budget, marking a significant step towards the country's fiscal planning. The proposal, which was presented by the Minister of Budget and National Planning, Udoma Udo Udoma, outlines the government's spending plans for the upcoming year.

Key highlights of the draft proposal include:

• A total budget size of [insert amount], which represents a [insert percentage] increase from the previous year's budget.
• Allocation of [insert amount] to infrastructure development, including road construction, power generation, and transportation.
• Allocation of [insert amount] to education, healthcare, and social welfare programs.
• A provision for [insert amount] to support small and medium-scale enterprises (SMEs) and promote economic growth.
• A plan to reduce the country's debt-to-GDP ratio by [insert percentage] through a combination of fiscal discipline and revenue generation.

The approval of the draft proposal by the FEC is a significant milestone in the budget-making process. The proposal will now be sent to the National Assembly for further review and approval.