2017 Nigeria Proposed National Budget [Plots]

2017 Nigeria Proposed National Budget [Plots]

This is the Nigerian budget, courtesy of Budgit. In the ministerial grouping the largest recurrent allocations went to the Interior Ministry with N482.37 billion; Ministry of Education with N398.01 billion; Ministry of Defence with N325.87 billion; and Ministry of Health, N252.86 billion. Analysing the expenditure components, aggregate recurrent spending accounts for 35.3 per cent of aggregate expenditure, which went up 8.7 per cent from N2.3 trillion in 2016, while capital expenditure is budgeted to rise by 41.1 per cent to N2.2 trillion representing 31 per cent of the total expenditure. Debt service is projected to be the third largest component of total expenditure, proposed to grow 8.7 per cent year-on-year to N1.7 trillion as a consequence of increasing debt obligations while taking up 23 per cent and 33.6 per cent of gross expenditure and revenue respectively.

 

 

 

 

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