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Nairaland Forum / Nairaland / General / Politics / 2016 Budget has Recorded 79% Performance, Says FG (1769 Views)
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2016 Budget has Recorded 79% Performance, Says FG by favouredseed(f): 11:21am On Nov 01, 2016 |
N3.6trn so far released By Iyobosa Uwugiaren and Ndubuisi Francis in Abuja The federal government disclosed yesterday that it had so far spent N3.577 trillion out of the full year’s budget of N6,060 trillion for the 2016 fiscal year which was signed in May. This translates to a 79 per cent performance of the prorated budget for the three quarters up to September 30, 2016. A statement released last night by Akpandem James, the Media Adviser to the Minister of Budget and National Planning, Senator Udoma Udo Udoma said in addition to the total of N2,439.9 trillion so far released for capital, Non-debt Recurrent and Service-wide vote expenditure, a total of N1,137.7 trillion had also been paid out in domestic and foreign debt service expenditure. This, he said, included N44 billion transferred to the Sinking Fund to retire maturing obligations on bonds issued to contractors. “To date, budgeted personnel cost and debt service obligations have been fully met on schedule. “Additionally, government has done reasonably well in the challenging circumstances with respect to capital expenditures. It is noteworthy that the total amount of N753.6bn already released for capital expenditure in 2016 is the highest in the nation’s recent history, even in the era of high oil prices. “Indeed, the capital releases to date exceed the aggregate capital expenditure budget for 2015 of N700 billion, inclusive of capital expenditure in Statutory Transfers,” the statement said. At an interactive session with members of the Senate Committee on Appropriation in Abuja on Thursday, Udoma, had said that in spite of the shortfall in revenue expectations, government was committed to its debt obligations and had also made efforts in funding the critical sectors to enable government function smoothly, while seeking lasting solutions to revenue shortfalls. He explained that although the 2016 Budget was well conceived, with reasonably conservative benchmarks, it recorded unanticipated revenue shortfalls along the line due to militants’ activities in the oil-producing Niger Delta region, a development, he said, seriously affected the budgeted production levels for the fiscal year. He added that government adopted a targeted approach with respect to capital expenditure to ensure that releases are consistently made to those sectors whose activities have the capacity of driving economic growth and fostering job creation. The minister pointed out that all the releases had been cash-backed.http://www.thisdaylive.com/index.php/2016/10/29/2016-budget-has-recorded-79-performance-says-fg/ |
Re: 2016 Budget has Recorded 79% Performance, Says FG by favouredseed(f): 11:39am On Nov 01, 2016 |
Maybe they meant 7.9% abi na 0.79% 9 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by clefstone(m): 11:57am On Nov 01, 2016 |
favouredseed:APC has nothing to offer 6 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by omenka(m): 12:05pm On Nov 01, 2016 |
LIES!! 3 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Nobody: 12:07pm On Nov 01, 2016 |
This government has failed from the front What? “To date, budgeted personnel cost and debt service obligations have been fully met on schedule." This means payment of the underlisted: - salaries of the ministers and cabinet - salaries of civil servants - salaries of everyone in the payroll - servicing of domestic and foreign debts every month 6 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Nobody: 12:10pm On Nov 01, 2016 |
Where and when... Haa, uncle Minister u can lie oh. 4 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by IVORY2009(m): 12:10pm On Nov 01, 2016 |
omenka:Close ur teeth, u said the truth! 4 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Jesusloveyou: 12:11pm On Nov 01, 2016 |
This government has done what ineffectual buffoon never tried to do in 6years, even with recession due to fall of oil price 1 Like 1 Share |
Re: 2016 Budget has Recorded 79% Performance, Says FG by blackarcher: 12:21pm On Nov 01, 2016 |
but the effects are not showing o. 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Kabashin: 12:23pm On Nov 01, 2016 |
Imbec1es 3 Likes
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Re: 2016 Budget has Recorded 79% Performance, Says FG by obailala(m): 12:29pm On Nov 01, 2016 |
Hmmm.... Lesson learnt from this revelation is that figures and statistics on paper don't really mean anything. 4 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Gr8tasign: 12:40pm On Nov 01, 2016 |
Government of the Liars, for the Liars and by the Liars Don't be surprised to see shameless beings here defending and supporting them cos they're nothing but educated fools who sold their reasoning and dignity for few naira notes . Such individuals made rubbish of education and call their parents effort to it to them waste. 3 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by steppin: 12:45pm On Nov 01, 2016 |
Maybe Bubu recorded 79% in the other room. 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by MXrep: 12:59pm On Nov 01, 2016 |
no, its 790%. Ndi ara 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by GoggleB(m): 1:01pm On Nov 01, 2016 |
Lol it's 7900% Hmmmmm OH it's actually 0.079% 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by CSTR13: 1:02pm On Nov 01, 2016 |
And you expect reasonable people to trust this man with a $30billion loan.? 4 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by SamuelAnyawu(m): 1:06pm On Nov 01, 2016 |
79% performance in South Sudan Or Somalia? Feeding Programme? N-Power? Roads? Railways? APC and Lies 5 Likes
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Re: 2016 Budget has Recorded 79% Performance, Says FG by Nobody: 1:07pm On Nov 01, 2016 |
Nigerian govt and lies.. 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Bethelwealthy(m): 1:19pm On Nov 01, 2016 |
Jesusloveyou:Bros, your certificate of Zombieism is ready for collection. I didnt want to believe you are this dull but now i strongly Belief.................. 7 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Nobody: 1:29pm On Nov 01, 2016 |
Liars favouredseed: 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Jokerman(m): 1:30pm On Nov 01, 2016 |
Jesusloveyou: Oh mehn... its like dey have increased your pay and given u quadruple promotion as a zombie abi?? 3 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Paperwhite(m): 1:49pm On Nov 01, 2016 |
What? Buhari government amara ihe.So annoying a regime.No capital project on ground yet this useless budget of scam have attained 79% progress? Liars as usual.Tell us the truth about what you actually used the monies appropriated for this controversial budget for. 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Paperwhite(m): 1:57pm On Nov 01, 2016 |
Jesusloveyou:God have mercy on your soul.Who or what did this to your reasoning? Be a zombie should never becloud your sense of sound reasoning. 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Paperwhite(m): 2:00pm On Nov 01, 2016 |
omenka:Even their nairaland chief supporter also knows hence now laughing at the stupidity of this super clueless regime headed by a senile dullard. 2 Likes |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Dosinspector(m): 3:33pm On Nov 01, 2016 |
APC MAKE UNA TAKE 1 Like
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Re: 2016 Budget has Recorded 79% Performance, Says FG by EME212eme: 3:44pm On Nov 01, 2016 |
this APC government only derives joy from lies. i am yet to see the budget in action. 1 Like |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Jesusloveyou: 4:08pm On Nov 01, 2016 |
Paperwhite:is that not the koko, that the recession is due to fall of oil price. Even with that, 80 percent of the budget has be achieved 1 Like |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Jesusloveyou: 4:16pm On Nov 01, 2016 |
Paperwhite:he was just laughing at iPod flat heads 1 Like |
Re: 2016 Budget has Recorded 79% Performance, Says FG by engrflames: 4:17pm On Nov 01, 2016 |
Jesus Christ This is unbelievable, this is simply corruption. 1 Like |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Bujumbura(m): 4:49pm On Nov 01, 2016 |
omenka:i can see this deliverance worked 1 Like
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Re: 2016 Budget has Recorded 79% Performance, Says FG by devilson(m): 5:00pm On Nov 01, 2016 |
Jesusloveyou:even omenka said the 79% is a lie,at least stand for the truth like him ones.u nd ur likes that are afraid to be seen criticizing bubu Are his number one enemy 1 Like |
Re: 2016 Budget has Recorded 79% Performance, Says FG by Nychillax(m): 5:01pm On Nov 01, 2016 |
Highly disappointed,100% trash. Wait,FG is referring to recurrent funding or capital expenditure. Where are the basic infrastructures like road,power, mass transit scheme nd so on. hian,79% Over 6trillion don go be dat Make thunder storm CBN that warned people not to invest in mmm,abeg which scam pass this one 2 Likes |
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