News

March 29, 2016

2016 Budget provison in Trillion Naira

2016 Budget provison in Trillion Naira

2016 Budget provison in Trillion Naira

2016 Budget provison in Trillion Naira

Total budget N6.06 trillion:
Recurrent expenditure: N2.6 trillion
Capital expenditure: N1.5 trillion
Deficit: N2.2trillion
Debt service N1.4trillion
Statutory transfers N351 billion
National Assembly: N115 billion;
Universal Basic Education: N77.110 billion;
National Judicial Council: N70 billion;
INEC: N45 billion
Niger Delta Development Commission: N41.050 billion
Public Complaints Commission: N2 billion
National Human Rights Commission: N1.210 billion.
Group life insurance for all MDAs N14,690,036,516:
Armed forces enhanced retirement benefits of Cdres N1 billion
Severance benefits of Delta Steel coy/Pension pay-off; N2.795 billion
Military retirees NHIS N2,544,110,811
Admin and monitoring of OHSCF Group Life; N36 million
Pension verification and administration; N200 million
Entitlements of former Presidents/Heads of State
and Vice Presidents/Chief of General Staff N2.3 billion
Public service reforms N1.5 billion
Domestic Debts: N1,307,400,000,000;
Foreign Debts: N54.480 billion
Sinking fund to retire maturing Loans: N113.440
Interior Ministry: N451,942,552,070
Education: N367,734,727,223
Defence: N312,213,355,618
Health: N221,412,548,087
Youth & Sports Development: N72,297,326,595
Petroleum Resources: N54,336,926,923;
Foreign Affairs: N39,440,096,249;
Information & Culture: N38,729,446,483;
Works, Power & Housing: N422, 964,928,495
Agriculture: N29,632,584,416
Science & Technology: N25,554,038,310.
Presidency: N21,676,277,888;
NSA : N56,791,291,063
SGF: N45,890,745,817;
H o S of the Federation: N6,270,657,023;
Justice: N17,389,782,636;
Environment gets N14,515,408,468;
Transportation gets N13,667,122,591;
Water Resources gets N7,219,056,441;
Solid Minerals gets N9,402,106,704;
Industry, Trade & Invests: N10,410,294,458;
Finance gets N9,994,990,976;
National Planning gets N7,737,100,536;
AGF gets N2,480,584,708;
Labour & Employment: N7,735,604,366;
Niger Delta: N1,261,723,837;
ICPC: N5,029,989,359;
Communication & Technology: N9,885,909,120;
ICRC: N838,569,623;
FRC: N320,198,366;
Special Duties SGF: N65,604,713
Women Affairs: N1,216,723,837