The budget tagged: “Budget of Continuity for Sustainability,” is N34 billion lower than N267.9 billion for 2022.
He said the budget would be financed through N137.8 billion Recurrent Revenue; N33.1 billion Internally Generated Revenue , Value Added Tax of N30.1 billion, other Federation Account sources of N6.5 billion, and Capital Receipts of N95.6 billion comprising loans and grants. “The 2023 budget shall, therefore, be facilitated by enhanced Internally Generated Revenue as projected,” he said.
More than N19.9 billion has been allocated to Ministry of Health and N19.6 billion for Ministry of Reconstruction, Rehabilitation and Resettlement.
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