We’ve implemented 2010 budget by 50% –FG

The implementation level of the 2010 budget by the Federal Government has reached 50 per cent, the Minister of Finance, Mr. Olusegun Aganga, has said.

Aganga said that considering the significantly expansionary 2010 budget, the current 50 per cent implementation level exceeded the previous year‘s budget performance.

He spoke with our correspondent on the telephone on Wednesday.

According to him, the government has implemented recurrent expenditure and overheads 100 per cent.

He said, ”Right from the beginning, we had an expansionary budget. Both recurrent and capital expenditure were both about 85 per cent more than last year‘s. On income, we have met and exceeded the target in total. We have implemented 100 per cent of the recurrent expenditure and overheads.

”We are in the fourth quarter and we have done a sizeable amount of the capital expenditure, close to 50 per cent. Bear in mind that this 50 per cent exceeds the amount that was done last year because this budget was significantly expansionary.”
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