BUDGET: Jonathan plans to spend N4.9trn in 2013

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...towards a better life for the people VOL. 25: NO. 61729

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ONLINE | www.vanguardngr.com

THURSDAY, OCTOBER 11, 2012

N150

BUDGET

Jonathan plans to spend N4.9trn in 2013 •Sets oil benchmark at $75 per barrel •FG performance on budget unimpressive —Tambuwal •Expect alteration, Mark tells Jonathan

BY CLARA NWACHUKWU, OKEY NDIRIBE, HENRY UMORU, INALEGWU SHAIBU & MICHAEL EBOH

BUJA— PRESIDENT Goodluck Jonathan, yesterday, presented to the Joint National Assembly a total budget of N4.92 trillion as the aggregate expenditure for the 2013 fiscal year, just as he pegged the benchmark oil price at US$75 per barrel, an increase from the US$72 per barrel of 2012. The 2013 budget, which is five per cent increase over

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Don’t wait for job, create one, Adeboye tells RUN graduates •Pgs 25-32

Chinua Achebe, Biafra and the travesties of war •P. 17

OCHEREOME NNANNA Much ado about Achebe on Awo •P.19 2013 Total Expenditure Recurrent Expenditure Capital Expenditure Oil Price (Per Barrel) Oil Prod (Barrel P/d) GDP Growth Fiscal Deficit Statutory Transfers

N4.92trn N2.41trn N1.54trn US$75 2.53m 6.5% 2.17% N380.02bn

2012 N4.88 trn N2.472 trn N1.32trn US$72 2.48m 7.2% 2.85 % N398bn

Sectoral Allocation Security Education Health Works Agric & Rural Devt Power

N668.56bn N426.53bn N279.23bn N183.5bn N81.41bn N74.26bn

N921.91bn N400.15bn N282.77bn N180.8bn N78.98bn N161.42bn

Bakassi: NBA dissociates self from FG's position •P. 6 Efik, S-Cameroon to form •P.11 republic Capital Oil boss, Ifeanyi Uba spends •P. 9 second day in detention

Mr & Mrs


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