₦airaland Forum

Full breakdown of 2017 budget
Published December 14, 2016
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Budget size: N7.298tn
(20.4% higher than 2016 estimates)
Assumptions, projections
Benchmark crude oil price – $42.5 per barrel
Oil production estimate – 2.2 million barrels per day
Average exchange rate – N305 to the US dollar.
Aggregate revenue available to fund the federal budget is N4.94tn
Deficit – N2.36tn (about 2.18% of GDP)
The deficit will be financed mainly by borrowing which is projected to be about N2.32tn.
067tn of borrowing will be sourced from external sources while, N1.254tn will be borrowed from the domestic market.
Expenditure Estimates
The proposed aggregate expenditure of N7.298tn will comprise:
419. Statutory transfers – N419.02bn
420. Debt service – N1.66tn
Sinking fund – N177.46bn (to retire certain maturing bonds)
2. Non-debt recurrent expenditure – N2.98tn
3. Capital expenditure of N2.24tn (including capital in Statutory Transfers)
Recurrent Expenditure
A significant portion of recurrent expenditure has been provisioned for the payment of salaries and overheads in institutions that provide critical public services. The budgeted amounts for these items are:
37bn for the Ministry of Interior; Education; Defence; and
87bn for Ministry of Health.
Capital Expenditure: N2.24tn (30.7% of total budget)
These capital provisions are targeted at priority sectors and projects.
Key capital spending provisions in the Budget include the following:
Power, Works and Housing: N529bn;
Transportation: N262bn; Programmes:
Defence: N140bn;
Water Resources: N85bn; Investment: N81bn;
Interior: N63bn;
Education N50bn
Universal Basic Education Commission: N92bn
Health: N51bn N37bn; N33bn; and Commission: N61bn; Special Intervention programme as seed money into the N1tn Family Homes Fund that will underpin a new social housing programme. counterpart funding for the Lagos-Kano, Calabar-Lagos, Ajaokuta-Itakpe-Warri railway, and Kaduna-Abuja railway projects.
Statutory Transfers
Budgetary allocation to the Judiciary increased from N70bn to N100bn (to enhance the independence and efficiency of the judiciary

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NONSENSE COUNTRY

Budget 2017. What month are we in now, please? What percentage of the 2016 budget was implemented?

Well, Nigeria's budgets are usually never fully implemented, which isn't even my worry. My worry is where the monies allocated for projects are drained into when we usually cannot see the projects on ground.

education 50b.....kolewek

Omo who get tissue? I wan kaka for dis thread..MMMmMmMMmMMmmmmm

GreyLaw:
Budget 2017. What month are we in now, please? What percentage of the 2016 budget was implemented?

my dear 2016 budget implementation was bellow 42%

am just wondering, why not use the left over from last yrs budget to finance this yrs,
WHY still BORROW?
anyway the ZOO is going DOWN.
Nigeria is just just just ENTROPY......

This should be pushed to the front page o.
It's bigger than mamba snakes, Banky W and Mercy Aigbe threads combined.

SIRmanjar:
Omo who get tissue? I wan kaka for dis thread..MMMmMmMMmMMmmmmm

use water....no tissue....

i
hate
senate
with
passion

nNEOo:
use water....no tissue....

Naa man..I be korrekt butty

SIRmanjar:
Naa man..I be korrekt butty

I insist.......look get a glove if you ant touch your own shiiiit

SIRmanjar:
Naa man..I be korrekt butty

I insist.......look get a glove if you ant touch your own shiiiit

nNEOo:
my dear 2016 budget implementation was bellow 42%

am just wondering, why not use the left over from last yrs budget to finance this yrs,
WHY still BORROW?
anyway the ZOO is going DOWN.
Nigeria is just just just ENTROPY......

"Entropy"? Hahahahahaha...

Please, let Nigeria buffer herself to equilibrium o.

Passing of budget in May, i tire for this country

Hmmn...

make we wait see the effect on naira by December

So all Capital budget will be borrowed?

Na wa...naija

National Assembly gets 140 billion and Education gets a paltry 50 billion.

#Notencouraging

IgboAmakaa:






NONSENSE COUNTRY

After 2015 ba

h