Investor Presentaiton
Abia State Government of Nigeria
2020 Budget General Framework
Billion Naira
In 2020, Abia State intend
to spend 137.419 billion.
160
Of this, 137.418 billion will
be sourced from Statutory
Allocation, Independent
Revenue and Grants, which
results in N0.6 Million in
140
120
100
80
budget deficit.
137.419
137.418
60
40
The deficit will be resolved
by №15.730 billion of total
20
0.6
15.730
15.1
0.0
financing hence, No
0
Financing Gap
Budget
Expenditure
Opening Balance of
Total Budget
Revenue and
Grants
Budget Deficit
Total Budget
Financing
Opening
Balance
Financing Gap
№15.108 billion will also aid
financing.
Total amount of
budget for the given
year. It is the
summation of both
the Recurrent
Expenditure Capital
Expenditure as
approved by the
Legislature.
The summation
of all funds the
State
Government
intends to collect
as revenues and
receive as
grants.
A Deficit
occurs when
the expenditure
figure is higher
than the
summation of
the revenue
and grants
figure.
This is the
summation of all the
financing the
government intends
to raise through
loans, sales of
government assets
or other deficit
financing items.
This
represents the
Cash and
Bank
Balances from
the preceding
year
The difference
between budget
deficit and total
budget financing.
In general, there
should be no
financing gap in
the approved
budget.
2020 Approved Estimates
............
Budget of Economic Repositioning.
.............
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