Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, on Thursday, laid the 2014 Budget before the National Assembly.
Okonjo-Iweala described the occasion as a “privilege.”
The minister laid the 2014 budget without giving any details of the figures and fiscal assumptions.
Speaking to newsmen after emerging from the Senate chamber, Okonjo-Iweala said that the budget would further grow vital sectors of economy adding that it was aimed at achieving massive job creation.
“Aggregate expenditure; excluding SURE – P funds, is about N4.6 trillion and the revenue is about N3.73 trillion.
“The capital is about N1.1trillion and makes up about 27 per cent of the budget.
“The balance of course is the recurrent. It is about 72 per cent of the budget.
“This budget is the budget for job creation and inclusive growth, meaning that it is a budget which will continue the President’s transformation agenda for several sectors of the economy.
“The budget is going to support the push in agriculture, it will kick-start the housing sector where we can create more jobs.
“It is designed to meet our policies that would support manufacturing because jobs would be created there. Industries will also be created in solid minerals sector,” she said.
Jonathan had delegated Okonjo-Iweala to lay the budget following the resolution by the two Chambers of their disparity on the oil benchmark.
