2021 Budget In Nigeria

This shows and increase of about n505 billion.

2021 budget in nigeria. The budget was increased from n13 08 trillion presented by president muhammadu buhari in october to n13 6 trillion 13 588 027 886 107. The fgn 2021 budget of economic recovery and resilience is expected to reposition the nigerian economy on the path of recovery growth and resilience. The budget office is structured into six departments six operational.

The total sums of n74 66 billion and n271 52 billion were budget for recurrent and capital expenditure respectively. Nigeria s 2021 budget of economic recovery and resilience standard by deloitte october 10 2020 no comments president muhammadu buhari on thursday 8 october 2020 presented the 2021 budget the budget of the federal government of nigeria fgn at a joint session of the national assembly. The passage was sequel to.

Nigeria s president muhammadu buhari presented the 2021 budget on 8 october 2020 to the joint session of the national assembly. The aggregate revenue available to fund the 2021 budget is projected at n7 89 trillion which is 35 per cent more than the 2020 revised budget of n5 84 trillion. The senate has passed nigeria s budget for the 2021 fiscal year.

The amount for capital expenditure was increased from n3 6 trillion to n4 1 trillion. The budget office of the federation was established to provide budget function implement budget and fiscal policies of the federal government of nigeria. This underscores the buhari administration s commitment to firmly return the country to a january december budget cycle.

The total proposed budget sum for 2021 is n346 169 972 082. The 2021 capital budget is n1 15 trillion higher than the 2020 provision of n2 69 trillion. Amid recession nigeria s 2021 budget no longer tenable atiku businessday ng.

The proposed aggregate revenue and expenditure budgets for 2021 are 7 89 trillion and 13 08 trillion respectively resulting in 5 02 trillion fiscal deficit. At 29 percent of aggregate expenditure the provision moves closer to this administration s policy target of 30 percent.