President Jonathan to present 2015 appropriation of #4.4trillion to National Assembly

By admin on 16/12/2014

Share on facebook Yahoo mail icon Gmail icon

Views: 1,144


President Goodluck Jonathan will on Wednesday December 17,present the 2015 appropriation of #4.4trillion to the National Assembly.

President Jonathan in a letter to the senate, through the senate president David Mark,read on the floor of the house, showed a revision of the oil benchmark from the initial $73 per barrel to $65 per barrel.

The president also informed the senate that the Minister of Finance, Dr. Ngozi Okonjo-Iweala would lay the budget estimate on the floor of the house.

The revised budget estimate show that #627.16 billion will be spent on Capital expenditure,which includes #380.70 billion for Ministries, Departments and Agencies, #144 42 billio will be Capital expenditure in Statutory transfers and #102.03 billion for the Subsidy Re-investment Empowerment Programme,SURE-P.

Recurrent expenditure will recieve #2,622.42 trillion,which includes personnel costs for MDAs that stands at #1,801 trillion, overheads #216,56 billion, pensions #228,81 billion and #376.05 billion budgeted for other service wide votes.

Service on domestic debt is expected to gulp #894.61 billion while that of foreign debt will take #48.39 billion.

President Jonathan had in October presented to the National Assembly, a budget proposal of #4.817 trillion with oil benchmark of $78 per barrel,then latter cut it to #4.7 trillion with the benchmark at $75 per barrel and now for the third time revised the oil benchmark to $65 per barrel with the total budget size of #4.4 trillion against #4,724.69 trillion budgeted in 2014

 

Posted on December, 17 2014

Share on facebook Yahoo mail icon Gmail icon


You may also like...
Arsenal put Man City to the sword

PRESIDENT JONATHAN TO ATTEND BUHARI’S INAUGURATION

‘You Are Yet To Publicly Declare Your Assets,’...

Enyeama, out of AFCON clash

Ikpeazu v Otti: Electoral Observers faults Court of...

Is Smoking A Sin? Born Again Toyin Aimakhu...

Serena Williams wins U.S. Open

WASCE: Ikpeazu congratulates Abia school children, vows to...

Abuja Preacher Killing : Police Arrest Suspect

NULGE threatens strike over APC's restructuring report

FG replies Obasanjo, says ex-president ignorant of Buhari’s...

Buhari nominates new CBN Deputy governor
News Abia Election Special (3) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (8) Breaking News (195) Business (33) Campus News (3) Crime (95) Economy (100) Education (111) Entertainment (142) Fashion and Style (3) General (727) Health (106) Inside Africa (39) International News (302) Interviews (26) National (1858) Politics (785) Press Releases (105) Religion (9) Security (118) Sports (420) Technology (23) World News (87)

 

 

Advertisement

 

Latest News Oyegun Urged to Abide By Court Order in Abia APC Leadership Tussle Abia targets N1 billion IGR Onu tasks staff on commitment to duty Herdsmen-Farmers’ Clash : FG To Create Ranches In Oyo, Benue, Ebonyi, Edo, Others Senegal salvage Africa’s pride, beat Poland 2-1 Woeful Eagles fail to soar, lose 2-0 to Croatia Zamfara Governor resigns as chief security officer of state World Sickle Cell Day: Vicar Hope Foundation moves to curb sickle cell disease Abia Speaker berates calls for scrapping of anti-open grazing laws Police Declare Lagos Trader Wanted For Murder Of Enugu Monarch

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (22,296 views) The show of shame that sealed Justice Uzokwe’s fate (17,238 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (14,207 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (7,131 views) Lawyers accuse Lagos Police of working for PDP (6,957 views) Radio Biafra delivers AM Transmitter (6,635 views) ‘Why fuel scarcity persists’ (5,389 views) Nurse Justina Obi Ejelonu, one of the nurses that contracted Ebola virus is dead!!! (5,254 views) 2015: Abia’s plethora of governorship aspirants (5,052 views) Breaking News : 2015 - Abaribe withdraws from Abia guber race, backs Ikpeazu (5,045 views)