The Minister of Finance, Mrs. Kemi Adeosun, on Monday confirmed the release of the sum of N350bn to Ministries, Departments and Agencies of the Federal Government for the implementation of capital projects contained in the 2017 budget.
She confirmed the development exclusively to Punch correspondent during a telephone interview.
The 2017 budget, christened: ‘Budget of Recovery and Growth’ was presented to the National Assembly on December 14, 2016, and passed by the lawmakers on May 11, 2017.
The fiscal document, which was signed into law by the then Acting President Yemi Osinbajo on June 12, 2017, has a total expenditure of N7.44tn, out of which N2.99tn is for non-debt recurrent spending; N2.36tn for capital expenditure; while debt servicing is to gulp N1.66tn.
Punch, September 5, 2017
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