14 December, 2011

2012 Fiscal year budget breakdown

Capital Expenditure: N1.32 Trillion Recurrent (non debt) Expenditure: N2.472 Trillion
Statutory Transfer: N398 Billion
Debt servicing: N560 Billion
Other sectors
Security: N921.91 Billion
Power: N161.42 Billion
Works: N180.8 Billion
Education: N400.15 Billion
Health: N282.77 Billion
Agriculture: N78.98 Billion
Water Resources: N39 Billion
Petroleum Resources: N59.66 Billion
Aviation: N49.23 Billion
Transportation: N54.8 Billion
Land and Housing; N24.9 Billion
Niger Delta: N59.7 Billion
Science and Tech: N30.84 Billion
FCT : N45.59 Billion
Communication and ICT: N18.31 Billion
Capital Expenditure 28%, Recurrent Expenditure 72% and some parliamentarians applauded? BTW, no provision for fuel subsidy! Via Baby Canary

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