Budget Analysis 2024
Key observations from Federal Capital Territory State's 2024 budget
Federal Capital Territory State's total budget for 2024 is 1 Trillion 500 Billion Naira. This budget is balanced.
The budget prioritizes capital expenditure (55.0%) over recurrent expenditure (45.0%).
The highest allocation goes to the infrastructure sector with 250 Billion Naira (16.7% of total budget). The lowest allocation is for the agriculture sector with 75 Billion Naira (5.0% of total budget).
The primary source of revenue is FAAC at 980 Billion Naira (65.3% of total budget).
Key terms and definitions related to state budgets