Niger-Delta policy: pen covemment Sbserstor Akwa Ibom State Budgets: A 4 Year Outlook ETC EA EC ET EXECUTIVE PUBLIC HEARING ON BUDGET ‘AKHA HOLDS PUBLIC HEARING GOVERNOR ASSENTS TO BUDGET LAW 2016 BUDGET TIMELINES There have been no executive public hearings to open up the budget process to Akwa Ibom citizens Dec 22, 2015 Jan8,2016 © Jan11,2017_--Dec 19,2017. Nov 14, 2018 Feb 11, 2016 Mar 16,2016 = Mar 29,2017 Feb 21, 2018 Mar 20, 2019 BUDGET SIZE 2017 2018 2019WHERE WILL THE MONEY COME FROM? CCU AU ea Ns Cus Petia Sg Extra N50b 5 aremattons — _N51.74b # = 9 Government plans to fund 37.2% of the budget from the 13% Derivation Fund PROJECTED BUDGET DEFICIT => Q The 2019 budget is a deficit PROD REVENUE budget. A deficit budget How will the deficit be financed? happens when planned expenditure is higher than expected revenue. This difference is often covered through loans and grants. #651.742b #60bBUDGET PER CAPITA e ; oi e 2016 2017 2018 2019 O66 122,760 118,655 114,686 110,851 CAPEX PER CAPITA i for i 2016 2017. 2018 2019 0646 81,703 78,970 76,329 73,777