The Federal Government plans to spend an estimated $21.6 billion as its budget for 2017.
The figure is about 13.3 per cent or $2.6 billion above the $19.2 billion budgeted for 2016.
These details were contained in the 2017-2019 Medium-Term Expenditure Framework and Fiscal Strategy Paper, which President Muhammadu Buhari forwarded to the National Assembly on Tuesday.
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The documents also indicated the government’s intention to continue to provide for the needs of vulnerable people in the coming year.
It stated that the aim of the 2017 budget was to restore the economy to a sustainable, inclusive growth path by laying emphasis on job creation and private-sector investments.
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