In the letter, the president sought the Senate’s approval to make some changes in the recently passed Medium Term Expenditure Framework and Fiscal Strategy Paper – parameters on which the 2022 budget will be framed.The federal government’s total expenditure for the coming year is projected to increase by N2.47 trillion, from N13.98 trillion to N16.45 trillion.Of the additional N2.
There will be additional provision of N510 billion in the Service Wide Votes to cater for national poverty reduction with growth strategy and Police Operations Fund . The president also said there will be allocation for an additional Capital provision of N1.70 trillion attributed to projected increases in:– TETFUND Expenditure by N290.7 billion;– MDAs Capital Expenditure by N390.5 billion .The aggregate deficit is projected to increase by N692.0 billion or to 3.42 per cent of GDP from 3.05 per cent of GDP, the president said.On the Federation Account Revenue, the gross revenue projection decreased by N341,57 billion, from N8.870 trillion to N8.528 trillion.
Net Oil and Gas revenue projection declined by N5.42 billion – from N6.540 trillion to N6.535 trillion.
Is this guy normal?
We already tired of yeh yeh budget
That one concern am....
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