41.3% of 2012 budget has been implemented- Finance minister

:::The 2012
budget
was
passed in
April and
41.3%
has been
implemented. This was confirmed by the minister of
finance, Ngozi Okonjo-Iweala. The minister said this
while addressing members of the Senate Committee
on Appropriation on Thursday.
Okonjo-Iweala said that the sum of N1.3 trillion was
appropriated for capital expenditure in the 2012
budget and out of this; the ministry has released
N404 billion with N324 billion cash backed.
“So far, 56 per cent of the capital budget had been
utilised while 44 per cent was still outstanding.” she
said.
She added that the ministry has so far released N1.6
trillion for recurrent expenditure.
The Minister said that the budget were met to run
from January to December, so it should be executed
in that manner, she also claims that the media lied
about the budget implementation.