budget.civic.ng/documents/2023

2023 Third Quarter Budget Implementation Report

Quarterly Implementation Report2023Official Budget Office record

Official 2023 quarterly implementation report from the Budget Office of the Federation covering budget execution, releases, and fiscal performance.

At a glance

Full text available

Quarterly Implementation Report2023
Published
07-05-2024
File size
3.11 MB
Source
Budget Office of the Federation

Where this fits

This document feeds the budget sections below and links back to the original Budget Office archive page.

Open archive page

Key takeaways

What matters in this document

Official 2023 quarterly implementation report from the Budget Office of the Federation covering budget execution, releases, and fiscal performance.

1

Official 2023 quarterly implementation report from the Budget Office of the Federation covering budget execution, releases, and fiscal performance.

Text pulled from the PDF

Quick scan of the source

This is a machine-read sample from the PDF. Table-heavy documents often lose their original layout here, so use this as a quick clue and rely on the summary, figures, and official PDF for the clean version.

5 sample lines1,381 words detected
01

27+,5'48$57(5 %8'*(7,03/(0(17$7,215(3257 BUDGET OFFICE OF THE FEDERATION

02

MINISTRY OF BUDGET AND ECONOMIC PLANNING ŝ )25(:25' ,DPGHOLJKWHG 

03

WRSUHVHQWWR\RXWK H  7KLUG  4XDUWHU%XGJHW,PSOHPHQWDWLRQ 5HSRUW %,5  IRU

04

  7KH 5HSRUW SURYLGHV LQIRUPDWLRQ RQ EXGJHW

05

SHUIRUPDQFHGXULQJWKHSHULRG7KH)*1%XGJHWLVDYLWDOWRROIRUGHOLYHULQJ

Open full raw extract

This keeps the unedited machine-read text available without making it the main reading experience.

27+,5'48$57(5 %8'*(7,03/(0(17$7,215(3257 BUDGET OFFICE OF THE FEDERATION MINISTRY OF BUDGET AND ECONOMIC PLANNING ŝ )25(:25' ,DPGHOLJKWHG  WRSUHVHQWWR\RXWK H  7KLUG  4XDUWHU%XGJHW,PSOHPHQWDWLRQ 5HSRUW %,5  IRU   7KH 5HSRUW SURYLGHV LQIRUPDWLRQ RQ EXGJHW SHUIRUPDQFHGXULQJWKHSHULRG7KH)*1%XGJHWLVDYLWDOWRROIRUGHOLYHULQJ RQWKHREMHFWLYHVRIWKH*RYHUQPHQW7KH %XGJHW  ZDVWLWOHG³%XGJHWRI )LVFDO &RQVROLGDWLRQ DQG 7UDQVLWLRQ¶¶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¶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ŝŝ   7KH%XGJHW2IILFHRIWKH)HGHUDWLRQ  %2) FDUULHV  RXWTXDUWHUO\  PRQLWRU LQJ  DQG HYDOXDW LRQ RI  WKH LPSOHPHQWDWLRQ RI DQQXDO IHGHUDO EXGJHW V  DQG SURGXFHVWKHUHSRUWVWKHUHRILQ DFFRUGDQFH  ZLWKWKH)LVFDO5HVSRQVLELOLW\$FW 7KLV 7KLUG  4XDUWHU%XGJHW,PSOHPHQWDWLRQ5HSRUWLVRQHRIWKHLQ  \HDU UHSRUWV SUHSDUHG E\ WKH %2) IRU WKH DVVHVVPHQW RI WKH  %XGJHW SHUIRUPDQFH ,Q DGGLWLRQ  WKHVH UHSRUWV DUH SUHSDUHG  WR HQKDQFH  EXGJHW WUDQVSDUHQF\   DFFRXQWDELOLW\ DQGFUHGLELOLW\DVDNH\FRPSRQHQWRI  1LJHULD¶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¶VDFWXDODJJUHJDWHUHYHQXHZDV ଂ   WULOOLRQZKLFKLV    RIWKHSURUDWHWDUJHW 2IWKHSURUDWHGEXGJHWHGH[SHQGLWXUHRI ଂ   WULOOLRQ ଂ   WULOOLRQZDVVSHQW  UHIOHFWLQJDGHFUHDVHRI *RYHUQPHQW KDV FRQWLQXHG WR SODFH HPSKDVLV RQ LPSURYLQJ EXGJHW SUHSDUDWLRQ H[HFXWLRQ PRQLWRULQJ DQG HYDOXDWLRQ IRU DQ LPSURYHG SHUIRUPDQFH &ULWLFDOSHUIRUPDQFHHQKDQFLQJLQLWLDWLYHV  DUHEHLQJLQWURGXFHG WRZDUGV LPSURYLQJ WKH FRQWULEXWLRQV RI WKH EXGJHW WR WKH GHOLYHU\ RI JRYHUQPHQW¶V REMHFWLYHV ,Q VSLWH RI WKH FKDOOHQJLQJ ILVFDO VLWXDWLRQ WKH JRYHUQPHQWKDVFRQWLQXHGWR PDLQWDLQ  DUREXVWVKDUHRIWKH  FDSLWDOEXGJHW UHODWLYHWRWKH  WRWDOEXGJHW   7KHFDUHIXO FUDIWLQJ  DQG FDXWLRXV  LPSOHPHQWDWLRQ ŝŝŝ RI)*1EXGJHWZHUHNH\WRWKHVXVWDLQHG*'3JURZWKUHFRUGHGVLQFHWKH H[LWIURPHFRQRPLFUHFHVVLRQLQ 7KHH[HFXWLRQRIWKH   %XGJHWLQWKHWKLUGTXDUWHUZDVYHU\FKDOOHQJLQJ PDLQO\ GXH WR VLJQLILFDQW UHYHQXH PRELOLVDWLRQ FKDOOHQJHV +RZHYHU D V DW  WK  6HSWHPEHU   WKH*RYHUQPHQWKDGUHOHDVHGDQGFDVKEDFNHGDWRWDO RI ଂ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ŝǀ   )25(:25'  ,, 35()$&(  ,,, 7$%/(  2) &217(176  , 9 7$%/(2)$&521<06   9, /,672)7$%/(6   9,,, /,672)),*85(6  , ; (;(&87,9(6800$5<  ;   ,1752'8&7,21     0$&52(&2120,&'(9(/230(176$1'$1$/<6,6     3(5)250$1&(2)7+(*/2%$/(&2120<      '20(67,&0$&52(&2120,&3(5)250$1&(       'HYHORSPHQWVLQ5HDO6HFWRU        *'3*URZWK       2LO6HFWRU      1RQ  2LO6HFWRU       'HYHORSPHQWVLQ3ULFHV       'HYHORSPHQWVLQ0RQH\0DUNHW       ([FKDQJH5DWHV       ([WHUQDO 5HVHUYHV      'HEW 6WRFN      7RWDO3XEOLF'HEW6WRFN       'RPHVWLF'HEW6WRFN        ([WHUQDO'HEW6WRFN      ),1$1&,$/$1$/<6,62)7+(   %8'*(7,03/(0(17$7,21     .(<$668037,216$1'352-(&7,216       %XGJHW%HQFKPDUN2LO3ULFHDQG3URGXFWLRQ       $**5(*$7(5(9(18(2)7+()('(5$7,21     ǀ   2,/ 5(9(18(3(5)250$1&(       1(72,/5(9(18(  3(5)250$1&(      <HDU WR'DWH 2LO5HYHQXH3HUIRUPDQFH       121  2,/5(9(18(3(5)250$1&(         <HDU WR'DWH 1RQ  2LO5HYHQXH3HUIRUPDQFH       &203$5$7,9(5(9(18(3(5)250$1&($1$/<6,6      ',675,%87$%/(5(9(18(       (;&(66&58'($&&2817       )*1%8'*(75(9(18(      7RWDO,QIORZRIWKH)HGHUDO*RYHUQPHQW         (;3(1',785('(9(/230(176           1RQ  'HEW5HFXUUHQW([SHQGLWXUH          'HEW  6HUYLFH         6WDWXWRU\ 7UDQVIHUV         &DSLWDO([SHQGLWXUH3HUIRUPDQFH           &DSLWDO 5HOHDVH           0'$V ¶  &DSLWDO 9RWH8WLOL]DWLRQ          %XGJHW  'HILFLWDQG3HUIRUPDQFHRIWKH)LQDQFLQJ,WHPV      &21&/86,21     &$3,7$/352-(&7,03/(0(17$7,21  $33(1',;,   127(6 ǀŝ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ǀŝŝ 035 0RQHWDU\3ROLF\5DWH 0606  0LFUR6PDOODQG0HGLXP6FDOH 07)) 0HGLXP7HUP)LVFDO)UDPHZRUN 1 1DLUD 1%6 1DWLRQDO%XUHDXRI6WDWLVWLFV 1''& 1LJHU'HOWD'HYHORSPHQW&RPPLVVLRQ 1+5& 1DWLRQDO+XPDQ5LJKWV&RPPLVVLRQ 1-& 1DWLRQDO-XGLFLDU\&RPPLVVLRQ 113& 1LJHULDQ1DWLRQDO3HWUROHXP&RUSRUDWLRQ 17% 1LJHULDQ7UHDVXU\%LOOV 2$*) 2IILFHRIWKH $FFRXQW*HQHUDORIWKH)HGHUDWLRQ 216$ 2IILFHRI1DWLRQDO6HFXULW\$GYLVHU 23(& 2UJDQL]DWLRQRI3HWUROHXP([SRUWLQJ&RXQWULHV 27&  )0'4  27& 2YHUWKH&RXQWHU)LQDQFLDO0DUNHW'HDOHU4XRWDWLRQ 3&& 3XEOLF&RPSODLQW&RPPLVVLRQ 337 3HWUROHXP3URILW7D[ 36& 3URGXFWLRQ6KDULQJ&RQWUDFWV 6& 6HUYLFH&RQWUDFWV 6,7& 6WDQGDUG,QWHUQDWLRQDO7UDGH&ODVVLILFDWLRQ 6:) 6RYHUHLJQ:HDOWK)XQG 76$ 7UHDVXU\6LQJOH$FFRXQW 8%(& 8QLYHUVDO%DVLF(GXFDWLRQ&RPPLVVLRQ 86 8QLWHG6WDWHV 9$7 9DOXH$GGHG7D[ :(2 :RUOG(FRQRPLF2XWORRN =%% =HUR%DVH%XGJHWLQJ ϭϱϱ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¶ FDSLWDO SURMHFWV DUH GRPLQDWHG E\ FRQVWLWXHQF\ SURMHFWV 7KLVSUDFWLFHLVGLVWXUELQJEHFDXVH  DOWKRXJK PRVW  RI  WKHSURMHFWVKD YH  QR GLUHFW EHDULQJ ZLWK WKH  PDQGDWH RI WKH  KRVW DJHQFLHV  WKH\  DUH SULRULWL]HGRYHUWKH SURMHFWVLQOLQHZLWKWKH PDQGDWHRIWKH0'$V 9,,, ,QVHFXULW\ ϭϱϲ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ϭϱϳ DFFRXQWDELOLW\7KLVZLOODYDLOWKHPRQLWRULQJWHDPVZLWKUHJXODUXSGDWHV RQWKHVWDWXVRIFDSLWDOSURMHFWV LPSOHPHQWDWLRQ  9, 3ULRULWL] LQJ  0'$V ¶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

On-page document view

Read the official file without leaving the platform

The embedded viewer uses the official Budget Office file URL. If your browser blocks the embed, the download and open-source links above still point to the same source.

Load the official Budget Office document here only when you want to read it on the page.

Related documents

Keep reading across the same budget trail

2025 · quarterly implementation report

FIRST QUARTER 2025 BUDGET IMPLEMENTATION REPORT

FIRST QUARTER 2025 BUDGET IMPLEMENTATION REPORT is an official implementation report for 2025. The extracted text references expenditure of N8.00T.

2025 · quarterly implementation report

SECOND QUARTER 2025 BUDGET IMPLEMENTATION REPORT

SECOND QUARTER 2025 BUDGET IMPLEMENTATION REPORT is an official implementation report for 2025. The extracted text references expenditure of N8.63T.

2026 · mtef fsp

2026 - 2028 MTEF & FSP

Official 2026 mtef fsp document from the Budget Office of the Federation supporting Nigeria's revenue, borrowing, and fiscal assumptions. 1 2.0 ECONOMIC AND FISCAL DEVELOPMENTS ................................ 7 2.5 Fiscal Sector ................................

2024 · quarterly implementation report

2024 Fourth Quarter Budget Implementation Report

2024 Fourth Quarter Budget Implementation Report is an official quarterly implementation report for 2024. The extracted text references debt service of N11.03T.