<h1>Parliament Receives MTEF Statement with Three-Year Spending Plan to Align Budget with FRBM Objectives and Fiscal Consolidation Goals.</h1> The Medium-term Expenditure Framework (MTEF) Statement was presented in Parliament, outlining a three-year expenditure target with associated assumptions and risks. This statement aims to align the budget with fiscal responsibility and budget management (FRBM) objectives, promoting fiscal consolidation. It includes scheme-wise projections for selected government schemes, enhancing focus on expenditure patterns. The MTEF serves as a vertical expansion of fiscal projections, integrating with the Annual Financial Statement and Demands for Grants. The presentation of the MTEF is mandated by an amendment to the FRBM Act, requiring its submission in Parliament after the budget session.