HIGHLIGHTS OF PROPOSED 2021 BUDGET
27. I wish to crave the indulgence of the Honourable Members to note that:
(i) All existing policy measures will continue in the 2021 fiscal year;
(ii) The proposed budget is 14.2% higher than the revised budget of last year;
(iii) The proposed budget is in the interim in line with IPSAS and consistent with our strategic plan and long term vision;
(iv) It gives emphasis to completion of all the on-going projects and programmes with some considerations on the new ones;
(v) The proposed budget is balanced as the projected revenue equals the estimated expenditure.
28. The proposed 2021-2023 multi-year budget and hence 2021 recurrent and capital estimates totalling which is made up of N77,151,251,000.00 & N68,287,500,000.00 as recurrent and capital revenues; as well as N64,393,751,000.00 & N81,045,000,000.00 as recurrent and capital expenditure respectively.