Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,773,880 members, 6,606,397 topics. Date: Saturday, 27 November 2021 at 10:27 PM

Breakdown Of 2018 Budget Estimates Presented By President Buhari - Nairaland / General - Nairaland

Nairaland Forum / Nairaland / General / Breakdown Of 2018 Budget Estimates Presented By President Buhari (461 Views)

What Are Your Worst & Best Unforgettable Memories Of 2018? / Funniest Memes Of 2018 Bbnaija Cee C Real Name Cynthia Nwadiora Hit The Internet / Breakdown Of 2018 Budget Estimates; 16%higher Than 2017 Budget Estimates (2) (3) (4)

(1) (Reply)

Breakdown Of 2018 Budget Estimates Presented By President Buhari by Allwellokpi(m): 10:53pm On Nov 07, 2017
Breakdown of 2018 Budget estimates presented by President Buhari

Budget size: N8.612tn (16 % higher than 2017 estimates)

Assumptions, projections
==================
• Benchmark crude oil price-US$45 per barrel
• Oil production estimate – 2.3 million barrels per day
• Exchange rate – N305/US$ for 2018
• Real GDP growth of 3.5 per cent
• Inflation Rate of 12.4 per cent

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.

READ MORE https://thoughtleaders.ng/breakdown-of-2018-budget-estimates-presented-by-president-buhari/

(1) (Reply)

Davido Denies Attacking Caroline Danjuma In His New Song FIA / Africans Migrants Being Sold In Secret Auctions In Libya / Police Launch Investigation Into Death Of Ex-pdp Chairman’s Son Murdered By Wife

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 38
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.