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Nearly half of the federal and 36 state governments' budgets of N12.2
trillion for the year will be spent on salaries and overheads.
Daily Trust investigation revealed that each of the two tiers has N6.1 trillion, but N5.33 trillion of the total (43.7 percent) will be expended on salaries and overheads.
The total amount earmarked for capital projects by the central and the state governments this year is N5.04 trillion (41.3 percent); N3.3 trillion for the states and N1.75 trillion for the federal government.
The total budget carries a combined deficit of N4.5 trillion (36.9 percent), which is made up of N2.3 trillion for the states and N2.2 trillion for the federal government.
This is coming at a time of concerns over the swollen recurrent expenditures in the face of dwindling oil revenues and low votes for development projects.
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