20th December 2012, 07:36 AM
|
 |
Rank: Senior Member
Points: 29,926, Level: 99 |
|
|
Join Date: Jul 2010
Posts: 12,712
Thanks: 187
Thanked 127 Times in 106 Posts
Groans: 0
Groaned at 3 Times in 3 Posts
Rep Power: 15
|
|
Re: Economicwatch
10 years of democracy spike recurrent expenditure
http://www.businessdayonline.com/NG/...nt-expenditure
Quote:
The recurrent to capital expenditure ratio has fluctuated in the past decade, moving from a low of 47.44 (R): 52.56 (C) in 1999, to a peak of 80.29 (R): 19.71 (C) in 2003, after which it began a slow decline to 61.63 (R): 38.37 (C) by 2009.
The recurrent to capital expenditure ratio stood at an average of 65.2 (R): 35.8 (C) between 1999 and 2009.
..........
The FMF report compared Nigeria’s political and Governmental structure with other nations with similar presidential system of government, such as Brazil and the United States.
The comparison shows that although Nigeria has the lowest population and economic size, it had the largest size of government and legislative structure.
For example, while the USA has a total of 100 Senators for a population of 313 million people and 20 Senate Committees, Nigeria has 109 Senators and 56 Senate Committees for a population of 155 million.
The overhead of the National Assembly as a percentage of the Federal Government budget has been rising steadily in the past four years.
|
We all know what has been holding us back...
__________________
The cheapest stock in an overvalued market may still be overvalued
Last edited by Salida; 20th December 2012 at 07:41 AM.
|
hispy99
Salida
Linear Mode
