ParliamentPosted at: Aug 10 2017 8:48PM Govt lays MTEF statement in parliament on spending departments, Fiscal ManagementNew Delhi, Aug 10 (UNI) The Medium-term Expenditure Framework (MTEF) Statement which sets forth a three-year rolling target for the expenditure indicators with specification of underlying assumptions and risks involved, was laid in Parliament today. 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.The objective of the MTEF is to provide closer integration between Budget and the FRBM Statements. It provides medium term perspective to the fiscal management and furthers the Government’s commitment towards fiscal consolidation. In FY 2016-17, an additional Statement giving demand wise revenue-capital breakup of expenditure over medium-term was annexed to the MTEF. Please log in to get detailed story.Tags: #Govt lays MTEF statement in parliament on spending departments# Fiscal Management