2017 Budget Breakdown…

                           

President Muhammadu Buhari yesterday presented the 2017 national Budget to a joint session of the National Assembly at the National Assembly Complex Abuja on 14th Dec 2016.

A breakdown of the budget shows that Capital expenditure will take 30% as the FG propose to spend about N2.243 trillion on capital projects and N2.9 trillion as recurrent expenditure.

The Benchmark Exchange Rate: N305/$1, Benchmark Oil Price: $42.5/barrel, Oil Production Benchmark: 2.2m bpd.

Capital expenditure for power, works and housing N529bn

Capital expenditure for water- 85 billion

Capital expenditure for education- 58 billion

Health - 51 billion

Niger Delta - N33bn

Industry- 81 billion

Transportation - N262bn

Defense - 140 million

Judiciary N100 billion.

Interior N63bn;

UBE commission N92bn;

FCT N37bn;

Presidential Amnesty Programme N65 Billion.

Recurrent Expenditure:

Interior - N482bn

Education - N398bn