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FG To Expend N4.9 Trilion in 2013

FG To Expend N4.9 Trilion in 2013

The Federal Executive Council (FEC) has  approved the 2013 budget with a fiscal framework of a  projected revenue of N3.891 trillion and a projected expenditure of N4.929 trillion to be submitted to the National Assembly next month.

The Coordinating Minister of the Economy and Minister of Finance Dr. Ngozi Okonjo-Iweala who addressed state House correspondents after the Federal Executive Council meeting said  the budget will be ready in September while the actually laying will be in the first week of October.

Dr. Okonjo Iweala who was flanked by the Minister of State, Finance, Yerima Ngama and Minister of Informationa, Labaran Maku said, Wednesday’s FEC  meeting also deliberated on the presentation of mid term fiscal framework for the 2013 budget.

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