The 2016 ocha plan and budget explains how ocha intends to boost. Planning and monitoring expenditures will help you identify wasteful expenditures, adapt quickly as your financial situation changes and achieve your financial goals. Use this worksheet to see how much money you spend this month. South kitsap account code 522 20 south kitsap fire and rescue 2016 budget worksheet. The administration of government in nigeria is through three levels. Lagos state budget is lacking in transparency as it does not provide speci. Budget worksheet please use this space to map out a realistic spending plan, based on your income, expenses and goals. Analysis of state government budgets to identify where possible their priority sectors, compare the national budget to state budgets in terms of its budget components and help nigerians know how else to improve on holding governments accountable at state level. We show you how to get started when youre new to budgeting or you can use this free budgeting worksheet if you already have your budget set up but just need a way to track it in a budget binder. The following is a summary of the tax related budget proposals announced by the minister of finance on 24 february 2016.
Lagos is a port which originated on islands separated by creeks, such as lagos island, fringing the southwest mouth of lagos lagoon while protected from the atlantic ocean by barrier islands and long sand spits such as bar beach. In 2016, budgit worked in kadna community to sensitize the population about the existence of an 8 million naira. Cite this publication solabomi ajibolade at university of lagos. The fifth round multiple indicator cluster survey mics5 was carried out in 2016 2017 by the national bureau of statistics nbs in collaboration with lagos bureau of statistics. Lagos is a tough place to navigate, but the hospitality is out of this world. South kitsap account code 522 10 41 003 south kitsap fire and rescue 2016 budget worksheet account title banking admin fees 2016 projected 5,000. Budgit is a civic organisation driven to make the nigerian budget and public. What is even more obvious is the disconnect between a longterm plan and the budget as implementation tool. Though reflecting the structure of the economy as heavily oil dependent, but it also shows indiscipline in financial management and focused implementation strategy. Akinwunmi ambode right, delivering his speech during the presentation of the y2017 budget estimates to the house, at the assembly complex, alausa, ikeja, on tuesday, november 29, 2016. Lagos budgets n8 billion for 2017 the guardian nigeria. Nigerias 2016 budget highlights ngn bn 2016 2015 %change total revenue 3,855. The highest budget presented so far is this time cross river state with a proposed whooping expenditure of n1. Also, the deficit financing of the budget is in a total of n97 billion.
Akinwunmi ambode has presented the year 2018 budget proposal of n1. Analyses of nigerias 2016 budget and medium term expenditure framework introduction on tuesday 22 december 2015, president muhammadu buhari presented the 2016 budget to the national assembly. Federal government of nigerias 2018 budget the 2018 budget is geared towards building on economic recovery accomplishments and achieving sustainable economic growth in the medium term, while ensuring increase in nonoil revenues and capital expenditure introduction president muhammadu buhari presented the 2018. Landmark towers, 5b water corporation road, victoria island, p. Analyses of nigerias 2016 budget and medium term expenditure. A two year postponement of the annuitisation requirement for provident funds and tax. For example, a standardised data extraction template was used. Account description budget thru 63016 % used fy 2017 budget beginning balance. Jan 03, 2017 lagos assembly passes 2017 state budget into law january 3, 2017 by abdushshakur osoala uncategorized 0 comments the lagos state house of assembly on tuesday passed the 2017 budget proposal of n812. This is not a city you can try to describe, but it definitely a city you have to visit.
Hence, the responsibility for the state budget is between the executive and legislative arm of the government. With this kind of budget with more than 7080% recurrent expenditure across top 20 top ministries, how is any. Ambode said that the 2017 budget would be a consolidation of the states 2016 n662 billion budget, believing that it would take lagos to enviable heights in the area of physical and. Lagos sound government, sensible budget sahara reporters. The locals are so loving and friendly, they are so generous and they will help you find the easiest way to get through the city. Breakdown of nigerias 2016 budget channels television. Printable monthly budget worksheet for tracking your spending. Lagos and the 2016 peoples budget the guardian nigeria. Described as the budget of change, the president first gave an overview of 2015 performance before providing the 2016 budget highlights. Out of the 34, kaduna, delta and ogun state are ready to implement the budget from january 2, 2017 as they have respectively passed their budgets and signed them into law. The budget indicates a state of poor accountability and transparency in. Mar 22, 2018 lagos is a busy city, with over 8 million citizens it is the financial hub of nigeria.
Outlining the key components of the budget, governor ambode said capital expenditure would gulp n699. Foreword 1 foreword the humanitarian world is grappling with a range of crises, from intrastate conflicts to natural disasters. The london school of hygiene and tropical medicine. Abridged budget ministry of economic,planning and budget. Does expanding fiscal space lead to improved funding of. Make sure you are consistent in using either monthly or annual amounts throughout, in order to ensure accuracy when totalling your income and expenses. Tax proposals in 2016 budget speech there was no proposal to change tax rates or impose new taxes in 2016. Lagos governor, ambode budgets n8 billion for 2017 lagos. The budget speech was silent on the proposals to introduce a national security tax and the proposed increase in tertiary education tax.
Household budgeting worksheet photocopy this sheet before using it make sure that you include all takehome income and expenses as accurately as possible. Pdf the purpose of this paper is to attempt an empirical. Lasg mepb budget process improvement sparc nigeria. Check out this free budget printable for beginners. Lagos state budget 2017 what the government is not telling us. Akinwunmi ambode right, delivering his speech during the presentation of the y2017 budget estimates to the house, at. Governor akinwunmi ambode presented the budget estimates to the assembly on thursday november 29, 2016. The information you provide will be used to compute your household budgeting plan. Lagos assembly passes 2017 state budget into law january 3, 2017 by abdushshakur osoala uncategorized 0 comments the lagos state house of assembly on tuesday passed the 2017 budget proposal of n812. Governor akinwunmi ambode has presented a 2017 budget proposal of n812. Budget highlights the main tax proposals include the following.
We used the national annual balance sheets to show how, during. Use your monthly surplus to save one month of expenses in an emergency fund at your state farm federal credit union sffcu. Nigerias president, muhammadu buhari, on tuesday presented a 2016. The breakdown is external loan, n34 billion, while an internal loan is n63 billion. Once you have this information, log in to the financial avenue budgeting course at. Also, use the worksheet to plan for next months budget. Household budgeting worksheet for more information about managing your finances call 8007693571 to speak to a credit counselor today make sure that you include all net or takehome income and expenses as accurately as possible. Lagos house passes n8 billion 2017 budget premium times.
Nigerias total debt profile will become 14% of gdp. The debt service cost is expected to increase by 42. Budgit is a civic organization that applies technology to intersect citizen engagement with institutional improvement, to facilitate societal change. Thus, in kenya, lagos state and south africa, the health sector was not. Nov 29, 2016 governor akinwunmi ambode has presented a 2017 budget proposal of n812. If your monthly budget results in a negative sum, then you should take the time to consider your spending. All ministry and presidential budgets now available for public this report contains all the budgets for nigerias ministries, major executive offices, various commissions, and civil. Draft template of capital expenditure work plan for mdas. May 21, 2016 analysis of state government budgets to identify where possible their priority sectors, compare the national budget to state budgets in terms of its budget components and help nigerians know how else to improve on holding governments accountable at state level. Use the budget workbook calendar and worksheets to track your daily and monthly expenses, doing your best to create a surplus each month. Livin paycheck to paycheck free printable budget form budget worksheet printable get paid weekly and charlie gets paid bi. Monthly budgeting worksheet use this worksheet to determine and track your incomespending plan for each month. Lagos assembly passes 2017 state budget into law lagos.
Government is however focused on measures to increase. Governor akinwunmi ambode of lagos state on monday presented the states 2018 budget proposal of n1. Akinwunmi ambode on tuesday presented the year 2017 budget proposal of n8billion to the house of assembly, assuring that the budget would be judiciously implemented to. Budget summary for fy 2016 july 1, 2015 june 30, 2016 and fy 2017 july 1, 2016 june 30, 2017 fy 2016 acct. If not, you may want to consider looking for a more budgetfriendly home. South kitsap account code 522 18 43 south kitsap fire and rescue 2016 budget worksheet account title travel 2016 projected. Below is a list of items to be listed under each topic. Lagos state government y2017 approved budget summary breakdown fiscal items y2017 budget proposal i state gross domestic product nm 28,343,000 i total revenues as a % sgdp 2. Lagos state plans to spend a record n8bn in 2017 and raise a total revenue of n642bn. In order to fund the 2016 budget, borrowing will increase and hence debt service expenditure. Lagos state house of assembly has passed a total budget of n812. The 2016 ocha plan and budget explains how ocha intends to boost humanitarian effectiveness in a year when more.
Printable monthly budget worksheet monthly budget printable. This list is only to be used as a guide and does not include all possible items. Try not to inflate the numbers, but do not underestimate either. Pdf a critical examination of government budgeting and public. Nov 30, 2016 ambode said that the 2017 budget would be a consolidation of the states 2016 n662 billion budget, believing that it would take lagos to enviable heights in the area of physical and. Federal local state similarly, budgetary allocations are shared among these governments as follows. Budget figures were not used because in most cases the actual releases were below amount budgeted and descriptive. A two year postponement of the annuitisation requirement for provident funds and taxfree transfers from pension to provident funds. For instance, on december 17 2015, the governor presented a budget of n662. Make sure you are consistent in using either monthly or annual amounts throughout, in order to ensure accuracy when totalling your income and. Dec 18, 2015 lagosgovernor akinwunmi ambode of lagos state yesterday presented the states 2016 budget proposal of n662. Lagos state periodically spent a very large portion of its total budget on. Ministry of economic,planning and budget just another lagos state government site.
If not, you may want to consider looking for a more budget friendly home. Mr speaker, our proposed budget for 2017 which we have christened the budget of consolidation and prosperity is wrapped around the six key policy areas. Free budgeting worksheet printable learn to budget today. Foreword 1 foreword the humanitarian world is grappling with a range of crises, from intra state conflicts to natural disasters. Lagos sound government, sensible budget in continuation of our focus on state budgets with a view to analyzing their viability, fiscal prudence and accountability to citizens, the spotlight. Nigerias president, muhammadu buhari, on tuesday presented a 2016 budget proposal of 6. Governor ambode, who tagged the budget, golden jubilee budget, said that it would promote massive investment in security, transport, road construction physical and social infrastructural development. Lagos, delta, osun and akwa ibom topped the debt chart with a total debt. Mr speaker, we have proposed a budget size of n150,011,831,079 billion which is a nominal 29% increase over 2016 budget estimates made up of. Budgeting worksheet net income my monthly takehome pay my spousepartners monthly takehome pay canada child tax benefit cctb social assistance child support income other income subtotal spending mandatory budget actual difference home rent mortgage payments property taxes condo fees home insurance hydro telephone cablesatellite internet.
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