Capital Expenditure: Minister Of Finance Says FG Releases N1.2trn For In 2019, Generates N4.25trn - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
December 19, 2019
The Federal Government has so far released 1.2 trillionnaira in capital expenditure, representing a 50 per cent capital performancefor the 2019 fiscal year.
The Minister of Finance, Budget and National Planning ZainabAhmed made this known when she briefed State House correspondents after theFederal Executive Council, FEC meeting in Abuja.
According to Zainab, the revenue performance, pro-rated tothird quarter of 2019, is 4.25 trillion which represents a performance of 81per cent.
She explained that the Gross Domestic Product, GDP plannedfor 2019 was 3.5 percent and the third quarter GDP performance was reported as2.28 percent.
The Minister said that on expenditure, the finance ministryhad been able to release all that was required for personnel cost, while debtservice was also on course.