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MTEF/FSP

MTEF: Reps adopts $64.85 oil benchmark for 2026, differs with Senate

The Senate and House of Representatives differ over the oil benchmark in the approval of the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) The House of Representatives on Thursday adopted the Federal Government’s proposed crude oil benchmark of $64.85 per barrel for 2026 under the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP), setting itself apart from the Senate, which earlier approved a lower benchmark of $60 for the same year. The...

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