The Proposing Budget was N4.92-trillion spending plan, representing an increase of c.5% over the N4.7-trillion appropriated for the 2012 fiscal year.

The year-on-year increase in the 2013 budget, though significant, remains relatively conservative compared to c.5.91 percent growth in expenditure observed in the 2012 budget.

The aggregate expenditure figure comprises of N1.54 trillion for capital expenditure, N2.41 trillion for recurrent expenditure, N380.02 billion for statutory transfers and N591.76 billion for debt service.