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FG Releases Performance Report Of 2017 Budget

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See  below the performance report of 2017 Budget as released by the Federal Government:

Oil Revenue

Target: N2.12tn

Actualised: N1.12tn

Non-oil Revenue

Target: N1.41tn

Actualised: N956bn

Independent Revenue

Target: N807bn

Actualised: N295bn

Total Revenue

Target: N5.08tn

Revenue: N2.65tn

52% Performance

Expenditure

Personnel Costs

Target: N1.884tn

Actualised: N1.865tn

Non-debt Recurrent

Target: N2.99tn

Actualised: N2.756tn

92% Performance

Debt Servicing

Target: N1.663tn

Actual: N1.82tn

109% Performance

Capital Expenditure

Target: N2.17tn

Actualised: N1.44tn

66% Performance

Statutory Transfers (INEC, NJC, NASS etc.)

Target: N434.4bn

Actualised: N434.4bn

Foreign Borrowing

Target: N1.07tn

Actualised: N1.17tn

Domestic Borrowing

Target: N1.25tn

Actualised: N1.34tn

The Federal Government recorded a deficit of N3.8 trillion greater than its revenue of N2.65 trillion.

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