2021 Budget For Health In Nigeria
Nigeria Government S Healthcare Expenditure 2019 2021 Statista
Budget
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Ministry of budget and national planning.
2021 budget for health in nigeria. The statutory transfer provisions are. We have also recently introduced the n75 billion nigeria youth investment fund of which n25 billion have been provided in 2021 budget. We thank all nigerians for your perseverance and continued.
2020 appropriation act the 2021 budget which has been themed the budget of economic recovery and resilience is designed to deliver on the government s economic sustainability plan goals accelerate the pace of nigeria s economic recovery promote economic diversification enhance competitiveness and ensure social inclusion. The aggregate revenue available to fund the 2021 budget is projected at n7 89 trillion which is 35 per cent more than the 2020. Buhari s 2021 budget share for education is nigeria s lowest in 10 years the troubled sector receives a meagre 5 6 per cent of the total budget much below the recommended benchmark.
The allocation to health recurrent expenditure in the 2021 budget was n415 billion compared to n363 billion in the 2020 revised budget an increase of 14 4. Highlights the 2021 budget has a deficit of about n5 20tn approximately 3 64 of gdp. The sum of n484 49 billion provided for statutory transfers in the 2021 budget represents an increase of n56 46 billion or 13 percent over the revised 2020 provision.
The budget here is therefore n14 012 217 549 64 or 11 41 of the total budget. This underscores the buhari administration s commitment to firmly return the country to a january december budget cycle. The total budget for these major mda in line with our focus for 2021 is a total of n69bn or 56 24 of the budget.
Nigeria s president muhammadu buhari presented the 2021 budget on 8 october 2020 to the joint session of the national assembly. The budget for 2021 proposes n547 billion for healthcare about seven per cent of the budget s total of n13 08 trillion. This represents a 21 per cent rise over the revised 2020 budget.
The fgn 2021 budget of economic recovery and resilience is expected to reposition the nigerian economy on the path of recovery growth and resilience.
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