Top Tweets for #2012Budget
During #OccupyNigeria, @eLDeeTheDon tweeted line items from the #2012Budget.
#OfficeOfTheCitizen https://t.co/5djDLxHgP8
@EiENigeria @tolulopeab This is probably the first time CSOs will be interested in awakening the citizens to national budget
This week, we release our interactive video on the #2012Budget Performance and why we need more data & vigilance,
Join us 5pm tomorrow. We tweet details of #2013Budget in comparison with #2012Budget. Our Infographic comes soon.
Out of the Excess Crude Account total of N2,31tn, N483bn was spent on payment of #fuelsubsidy. #2012Budget
#2012Budget: Recurrent Expenditure (Debt Servicing) : Budget - N679.28bn Actual Expenditure: N559.58bn Performance = 121%.
#2012Budget: Recurrent Expenditure Budget (Non-Debt): N2.425tn Actual Expenditure: N2.4tn Performance = 99%.
Out of the N1.34tn budgeted for capital expenditure, N686.3bn was actually utilised. Capital Budget performance stands at 51.2% #2012Budget
#2012Budget Performance : FGN Domestic Borrowing - N744bn, Borrowing from Natural Resource Fund - N74bn,Stabilization Acct Share - N163.59bn
#2012Budget: Actual Revenue in Federation Acct (Shared by FG, States and LG)- N4.89tn, excludes 13% Derivation, SURE-P & Excess Crude Acct.
#2012Budget Performance: VAT- N710.5bn Company Income Taxes - N848.57bn Customs Revenue - N474.92bn
Oil Revenue is a Product of Price and Volume sold. The price can be high but we could be producing less due to oil theft. #2012Budget.
For not meeting daily production in 2012 despite high oil prices, #Nigeria was unable to meet the net oil revenue target. #2012Budget.
Net Oil Revenue after deductions for subsidy & JV funds - Actual: N4.18tn Budget: N4.61tn. #2012Budget
#2012Budget:Transfer to Excess Crude Account: N2.31tn. We noted that Nigeria did not meet it oil production levels despite high prices.
#2012Budget Total Oil Revenue (before Deductions) Actual - N8.025tn Budget - N6.64tn. Nigeria's oil & gas revenue performed well.
#2012Budget Non-Oil Revenue: Actual Performance: N2.033tn Budget: N2.35tn. Non-Oil Revenue did not perform up to the budgeted income.
Firstly, we are happy about delay in the budget implementation report & also little details in the capital expenditure report. #2012Budget
We begin our Tweetmeet on the Review of #2012Budget based on the report released by the Budget Office #Nigeria.
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