Following Thursday passage of the 2017 budget, submitted by President Muhammad Buhari, December 2016 by the National Assembly, details of allocations to ministries, Departments and Agencies have emereged.
Recall that a total sum of N7,441,175,486,758 was passed, after the House of Representatives made an additional input of about N140bn in the proposed budget.
Out of the sum, a total of ₦434,412,950,249 is for Statutory Transfers, ₦1,841,345,727,206 is for Debt Service, ₦177,460,296,707 is for Sinking Fund for maturing bonds, while ₦2,987,550,033,436 is for Recurrent (Non-Debt) Expenditure.
Also in the budget, the sum of ₦2,177,866,775,867 is for contribution to the Development Fund for Capital Expenditure (Exclusive of Capital Expenditure in Statutory Transfers), for the year ending on the 31st December, 2017.
The detailed analysis of budgets to the Ministries, Departments and Agencies of the federal government, as passed by the House is attached.
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