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THE 2018 BUDGET AT A GLANCE - Printable Version +- Forums (http://contripeople.com) +-- Forum: Retired Forums (http://contripeople.com/forumdisplay.php?fid=78) +--- Forum: Retired Forums. Please Make Your Post Within The 3 Forums In General Discussion (http://contripeople.com/forumdisplay.php?fid=49) +---- Forum: Politics (http://contripeople.com/forumdisplay.php?fid=8) +---- Thread: THE 2018 BUDGET AT A GLANCE (/showthread.php?tid=663) |
THE 2018 BUDGET AT A GLANCE - Gimbiya - 11-08-2017 The 2018 budget at a glance Budget size: N8.612 trillion (16 % higher than 2017 estimates) Expenditure Estimates The proposed aggregate expenditure of N 8.612 trillion (16 per cent above 2017 budget estimate) will comprise Recurrent Costs of N3.494 trillion Debt Service of N2.014 trillion Statutory Transfers of about N456 billion Sinking Fund of N220 billion (to retire maturing bond to local contractors) Capital Expenditure of N2.428 trillion (excluding the capital component of statutory transfers). Recurrent Expenditure A substantial part of the recurrent cost proposal for 2018 is for the payment of salaries and overheads in key ministries providing critical public services such as: N510.87 billion for Interior N435.01 billion for Education N422.43 billion for Defence N269.34 billion for Health Capital Expenditure Key capital spending allocations in the 2018 Budget include: Power, Works and Housing: N555.88 billion Transportation: N263.10 billion Special Intervention Programmes: N150.00 billion Defence: N145.00 billion Agriculture and Rural Development N118.98 billion Water Resources: N95.11 billion Industry, Trade and Investment: N82.92 billion Interior: N63.26 billion Education N61.73 billion Universal Basic Education Commission: N109.06 billion Health: N71.11 billion Federal Capital Territory: N40.30 billion Zonal Intervention Projects N100.00 billion North East Intervention Fund N45.00 billion Niger Delta Ministry: N53.89 billion Niger Delta Development Commission: N71.20 billion. Key projects and programmes to be implemented in 2018: N9.8 billion for the Mambilla hydro power project, including N8.5 billion as counterpart funding N12 billion counterpart funding for earmarked transmission lines and substations N35.41 billion for the National Housing Programme N10.00 billion for the 2nd Niger Bridge About N300 billion for the construction and rehabilitation of strategic roads Regional Spending Priorities for Peace, Security and Development N65 billion for the Presidential Amnesty Programme has been retained in the 2018 Budget Capital provision for the Ministry of Niger Delta increased to N53.89 billion from the N34.20 billion provided in 2017 Completion of East-West Road, with a provision of about N17.32 billion in 2018 https://www.lailasblog.com/2018-budget-glance/ |