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              President Ruto speaks on Kenya’s human capital

              President Ruto speaks on Kenya’s human capital

              Localisation is key to innovation-Minister Ebrahim Patel

              Localisation is key to innovation-Minister Ebrahim Patel

              SA partners Belgium to provide mutually beneficial opportunities

              South Africa: Water and Sanitation Welcomes Arrest of Senior Manager for Double Dipping Salaries

              Kenya Revenue Authority gains more from gaming and betting collections

              Kenya Revenue Authority gains more from gaming and betting collections

              Ghana: US Vice-President urges Africans to innovate and empower women

              Ghana: US Vice-President urges Africans to innovate and empower women

              Uganda: Parliament starts monthly health screening

              Uganda: Parliament starts monthly health screening

              President Ramaphosa attends to state of South Africa’s logistics system

              President Ramaphosa attends to state of South Africa’s logistics system

              Trending Tags

              • FEATURES
                Tanzania confirms first-ever outbreak of Marburg Virus Disease

                Marburg Virus Disease – United Republic of Tanzania

                Fight Slavery’s ‘Legacy of Racism’ through Education: Guterres 

                Fight Slavery’s ‘Legacy of Racism’ through Education: Guterres 

                Richest country in Europe marks third year of free public transport

                Richest country in Europe marks third year of free public transport

                International Day of Forests, 21 March

                International Day of Forests, 21 March

                8 technologies bridging digital gender gap in Rwanda 

                8 technologies bridging digital gender gap in Rwanda 

                Cybersecurity in Africa: Many still believe cybercrime ‘won’t affect them’ 

                Cybersecurity in Africa: Many still believe cybercrime ‘won’t affect them’ 

                Samia redefining women roles in Tanzania

                Samia redefining women roles in Tanzania

                Meet Martha Koome: Kenya’s Chief Justice Harnessing Tech to End Gender-Based Violence

                Meet Martha Koome: Kenya’s Chief Justice Harnessing Tech to End Gender-Based Violence

                Trending Tags

                • DIGITAL ECONOMY
                  Kenya: Ministry of Health welcomes new Kenya Medical Supplies Authority Chairperson, Mr. Daniel Rono

                  Kenya: Ministry of Health welcomes new Kenya Medical Supplies Authority Chairperson, Mr. Daniel Rono

                  Full SONA Delivered by President Akufo-Addo to Parliament

                  Full SONA Delivered by President Akufo-Addo to Parliament

                  image containing somalia frontline states summit

                  We must ruthlessly dismantle terror networks in the horn of Africa- President Ruto

                  President Ramaphosa nominates Justice Mahube Betty Molemela as Judge President post image

                  President Ramaphosa nominates Justice Mahube Betty Molemela as Judge President

                  South Africa: Minerals and Energy on Eskom Diesel Licence

                  South Africa: Minerals and Energy on Eskom Diesel Licence

                  Statement by Administrator Samantha Power on the declaration of the end of the Ebola Outbreak in Uganda

                  Statement by Administrator Samantha Power on the declaration of the end of the Ebola Outbreak in Uganda

                  flier for Invest in Africa Energy invitation

                  Invest in African Energy: African Energy Chamber to Host New Year Reception

                  President Wavel attends the official launching of Liam’s Rainbow Foundation

                  Seychelles: President Wavel attends the official launching of Liam’s Rainbow Foundation

                  2022 wassce results prove free SHS is working well” – President Akufo-Addo

                  2022 wassce results prove free SHS is working well” – President Akufo-Addo

                  Trending Tags

                  • INTERVIEW
                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Sierra Leone Seeks Upstream Partners to Fast-Track Exploration, says Petroleum Directorate

                    Ghana’s registra department: driving digitization for effecient services

                    Ghana’s registrar department: driving digitization for efficient services

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Nigerian’s First Lady Aisha Buhari in Talks on Plans After Husband’s Presidency

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    Cedi expected to end 2020 with less than 5% depreciation to dollar Says Expert

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    “Citizen Gate is Designed to bring the government closer to the people”- Mr. Toba Otusanya, DG, Lagos State Office of Transformation, Creativity & Innovation

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    I cherish and treasure my reputation for probity and accountability,– Dr. Babatunde Ajibade, SAN

                    Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                    Why Nigeria Needs Aircraft Leasing Companies- Captain Abdulsalami Mohammed

                    Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                    Interview with Jennifer Blanke, Vice President Agriculture, Human and Social Development at the African Development Bank Group, Ahead of the 2019 Gender Summit

                    Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

                    Now is the Time to Partake in Nigeria’s Next Level Roadmap – Damilola Ogunbiyi

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                      Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

                      Her Excellency Hon Reem Ebrahim Al Hashimy, Minister of State for international Cooperation, United Arab Emirates Emerges PSG Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Hon Aisha Jumwa, Minister of Public Service, Gender & Affirmative, Kenya has Emerged APS Minister of the Week

                      Ambassador John Mwangemi, Chief Executive Officer, Kenya Ports Authority Emerges APS “CEO OF THE WEEK”

                      Ambassador John Mwangemi, Chief Executive Officer, Kenya Ports Authority Emerges APS “CEO OF THE WEEK”

                      H.E. Amb Dr. Monica Kathina Juma, Minister of Energy, Kenya Emerges APS Minister of the Week

                      H.E. Amb Dr. Monica Kathina Juma, Minister of Energy, Kenya Emerges APS Minister of the Week

                      His Excellency Dr. Belete Molla, Minister of Innovation & Technology, Ethiopia Emerges APS Minister of the Week

                      His Excellency Dr. Belete Molla, Minister of Innovation & Technology, Ethiopia Emerges APS Minister of the Week

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                      H.E Dr. Mohamed Maait, Minister of Finance, Egypt Emerges APS Minister of the Week

                      HE Mrs Fatim Zahra Ammor, Ministry of Tourism, Handicrafts & Social Economy of Morocco Emerges APS Minister of the Week

                      HE Mrs Fatim Zahra Ammor, Ministry of Tourism, Handicrafts & Social Economy of Morocco Emerges APS Minister of the Week

                      Mr Alphayo J. Kidata, Commissioner General, Tanzanian Revenue Authority Emerges APS “CEO OF THE WEEK”

                      Mr Alphayo J. Kidata, Commissioner General, Tanzanian Revenue Authority Emerges APS “CEO OF THE WEEK”

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                      Buhari Announce to Sign N10.8 Trillion Revised 2020 Budget

                      Public Sector Global by Public Sector Global
                      July 13, 2020
                      in Featured, Features, NEWS
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                      Buhari Announce to Sign N10.8 Trillion Revised 2020 Budget
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                      The Minister of Finance, Budget and National Planning, Zainab Ahmed  disclosed that President Muhammadu Buhari will be signing the revised N10.8trn budget for the year 2020.

                      Giving report while briefing principal officers of the National Assembly on plans to submit the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper later this month.

                      She said the president had directed the ministry to expedite action on next year’s budget estimates to enable him present it to the National Assembly by the end of September this year.

                      “This for us is a journey towards ensuring that the progress that we have made as a collective to return the fiscal year to January – December is maintained for the 2021 budget as well.

                      Similarly, the president has directed that we must deliver the budget to the National Assembly by the end of September,” she said.

                      Ahmed while giving an update on the 2020 budget implementation between January and May 2020, said the government’s retained revenue was N1.48 trillion, an amount representing 56 percent of government’s target.

                      She said out of the sum generated as revenue, oil revenues accounted for N701.6 billion; non-oil tax revenues N439.32 billion; Companies Income Tax (CIT) and Value Added Tax (VAT) collections – N213.24 billion and N68.09 billion; and Customs collection N158 billion, respectively.

                      “Other revenues amounted to N339.51 billion, of which Independent revenues was N80.22 billion. Recoveries and Stamp duty collected during the period are yet to be booked in the fiscal accounts,” Ahmed said.

                      On expenditure performance for the same period (January – May 2020), she said N1.25 trillion was expended for debt service; and N1.32 trillion for Personnel cost, including Pensions.

                      She said as of the end of May 2020, only N253.33 billion had been released for capital expenditure.

                      Speaking further, she adds while giving underlying assumptions driving the macro-economic parameters and targets of the 2021 – 2023 Medium Term Expenditure Framework, stated that the Oil Price Benchmark for the 2021 fiscal year was pegged at USD$35; and USD$40 for 2022 and 2023, respectively.

                      Oil Production (mbpd) was placed at 1.86 for 2021, 2.09 for 2022, and 2.38 for the 2022 fiscal year; while the Exchange Rate remains at N360 to USD$1.

                      Tags: Buhari Announce to Sign N10.8 Trillion Revised 2020 Budget
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