SWITZERLAND, AUGUST 18 – The Federal Government hopes to have a budget expenditure framework projected at N12.658 trillion for the 2021 fiscal year, representing a 17.2 percent increase from the amended 2020 budget.
This is contained in the latest Economic Outlook by the Ministry of Finance, Budget, and National Planning.
The document, signed by the Minister of Finance, Budget, and National Planning, Ahmed Zainab, indicated that the figure represented a 17.2 per cent increase of the revised N10.8 trillion 2020 budget.
The aggregate revenue available for the budget for next year is projected at N7.498 trillion while the aggregate expenditure level is projected to be N12.658 trillion.
On the other hand, the aggregate expenditure is made up of Statutory Transfers of N481.41 billion, Debt.