Federal Government Proposes to Spend N19.76 trillion in 2023
The Federal Government has revealed its plan for a budget of 19.76 trillion to be spent from 2023 as disclosed by the Minister of Finance.
Zainab Ahmed, the Minister of Finance, Budget, and National Planning, made the revelation in Abuja on Monday.
See Also: 2023: INEC Budgets N239bn For Poll Materials, Presidential Run-Off
The Minister briefed the House of Representatives Committee on Finance concerning the 2023-2025 Medium Term Expenditure Framework.
She said the government was protruding revenue of N8.46 trillion for 2023 as N1.9 trillion is expected from oil-related sources while 6.56 trillion would be generated from non-oil sources.
Ahmed noted the budget was based on the exchange rate of N435.57 per dollar and 70 dollars per barrel of crude oil.
The oil product...