An analysis of the budget figures by TheCable also showed that recurrent expenditure has also almost doubled since 2016.
In the proposed 2019 budget, N2.140 trillion was budgeted for debt servicing while N2.031 trillion was budgeted for capital expenditure.
READ ALSO : 2019 Budget Hopeless, Says Saraki
The proposed recurrent expenditure was N4.04 trillion, almost double the 2016 figure of N2.64 trillion.
Recurrent expenditure is defined as money spent on operations, salaries, purchases of goods and services, and current grants and subsidies while capital expenditure is defined as spendings on the acquisition of fixed assets like land and building infrastructure.
Here is a breakdown of the figures:
READ ALSO : Stop Torture, Extra-Judicial Killings, Buhari Warns Police
Are you an artiste? Do you want your music to go viral and reacha large number of audience? Promote your music and Submit your story on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tel/+44(0)7590363984 Subscribe to Ujuayalogusblog.com
For More: Visit Us at Uju Ayalogu's Blog
No comments:
Post a Comment