More than 56% capital funds in 2019 budget released - Finance Minister

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

FG has so far released more than 56 per cent of the approved expenditure for capital projects in the approved 2019 budget,

The federal government has so far released more than 56 per cent of the approved expenditure for capital projects in the approved 2019 budget, Minister of Finance, Budget and National Planning, Zainab Ahmed, has said.

“So far, as at last week, we have released up to N1.2 trillion in capital expenditure, which is a 50 per cent performance of the capital for the whole year 2019. In terms of revenue, she said the performance after nine months of 2019 showed a total of about N4.25 trillion, representing a performance level of about 81 per cent.

On overhead, the minister said the government has been able to release eight months’ overhead for general MDAs and 11 months’ overhead for some MDA’s classified as critical.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It's not about it's release. How about it's implementation

I believe the Finance should be giving us specific information and not assumptions

What percentage of re-current was released? 100% I guess.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines