How much is Nigeria budget 2014?

Out of a total budget of N4. 962 trillion, the allocation to the defence sector took about N968. 127 billion.

How much does the federal government spend 2015?

In fiscal year 2015, the federal budget is $3.8 trillion. These trillions of dollars make up about 21 percent of the U.S. economy (as measured by Gross Domestic Product, or GDP). It’s also about $12,000 for every woman, man and child in the United States.

How much is Nigeria budget 2013?

ABUJA (Reuters) – Nigerian President Goodluck Jonathan approved on Tuesday a 4.99 trillion naira ($31.63 billion) budget passed by parliament, the presidency said, ending two months of dispute over the spending plans.

Who is the Minister of budget in Nigeria?

The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, explained that the macroeconomic environment was significantly disrupted by the Covid-19 pandemic, necessitating Mr. President’s presentation of a revised 2020 budget on 28th May, 2020 which was signed into law on 10th July, 2020.

Who prepares the federal budget?

The president submits a budget to Congress by the first Monday in February every year. The budget contains estimates of federal government income and spending for the upcoming fiscal year and also recommends funding levels for the federal government.

What was the deficit in 2012?

$1.101 trillion
Total revenues and spending The Obama administration’s budget request contained $2.627 trillion in revenues and $3.729 trillion in outlays (expenditures) for 2012, for a deficit of $1.101 trillion.

Who is the Minister of Finance in Nigeria in 2021?

Honourable Minister of Finance, Budget and National Planning Presented the 2021 Approved Budget. The Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, explained that the macroeconomic environment was significantly disrupted by the Covid-19 pandemic, necessitating Mr.

Which branch of government controls money?

The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies.