President Jonathan Presents 2013 Budget Of N4.92 Trillion To National Assembly

Follow @RhippleMedia

President Goodluck Jonathan, today, presented a total expenditure of N4.92 trillion for the 2013 fiscal year before a joint session of the National Assembly, in Abuja. In the budget proposal, recurrent expenditure was put at N2.41 trillion while N1.54 trillion will be spent on capital projects.

Some key allocations in the budget proposal include:

Works – N183.5 billion;

Power – N74.26 billion;

Education – N426.53 billion;

Health – N279.23 billion;

Defence – N348.91 billion;

Police – N319.65 billion;

Agriculture & Rural Development – N81.41 billion.

One question; Why Do We Still Have A Budget With Recurrent Expenditure Higher Than Capital Budget?