The Federal Government has so far released 1.2 trillion naira in capital expenditure, representing a 50 per cent capital performance for the 2019 fiscal year.
The Minister of Finance, Budget and National Planning Zainab Ahmed made this known when she briefed State House correspondents after the Federal Executive Council, FEC meeting in Abuja.
According to Zainab, the revenue performance, pro-rated to third quarter of 2019, is 4.25 trillion which represents a performance of 81 per cent.
She explained that the Gross Domestic Product, GDP planned for 2019 was 3.5 percent and the third quarter GDP performance was reported as 2.28 percent.
The Minister said that on expenditure, the finance ministry
had been able to release all that was required for personnel cost, while debt
service was also on course.
