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4.0 An Appraisal of the FGN Budget.../2 Expenditure 2017 2018 FISCAL ITEMS Budget Budget 2019 Budget TOTAL FGN BUDGET (Excluding GOES Budget & Project-tied Loans) 7,441.18 9,120.33 8,916.96 STATUTORY TRANSFER 434.41 530.42 502.06 DEBT SERVICE 1,663.89 2,013.84 2,144.01 SINKING FUND 177.46 190.00 110.00 RECURRENT (NON-DEBT) 2,990.92 3,512.68 4,735.42 SPECIAL INTERVENTIONS (Recurrent) 350.00 350.00 350.00 Capital Expenditure (Exclusive of Transfers) 2,174.50 2,873.40 2,926.85 Fiscal Deficit (excluding GOES Budget and Project-tied Loans) -1,954.46 -1.918.48 GDP 107,958.33 113,088.88 139,811.51 DEFICIT/GDP (2.18%) (1.73%) (1.37%) Capital Expenditure as % of Non-Debt Expenditure 42.17% 45% 39% Capital Expenditure as % of total FGN Expenditure 31.73% 34% 31% Capital Expenditure (Inclusive of Transfers, but exclusive of GOES Capital 26% & Project-tied loans) as % of FGN Expenditure Recurrent Expenditure as % of total FGN Expenditure 68.27% 66% 69% Debt Service to Revenue Ratio 32.73% 28% 31% Deficit as % of FGN Revenue 46.34% 27% 27% 14

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