Akwa Ibom  State Budget 2021
Budget Title:  Budget of Economic  Reconstruction
Where will the money come from?
Budget Resource Envelope (Source of Funds)   2021 Budget Target  2021 Percentage of Total Sources of Funds[1] Previous Year Target Previous Year Actual                        (Jan-Dec)                          Unaudited
Revenue Internally Generated Revenue 38,003,250,000 8.3% 30,555,558,000                    29,065,563,331.06
  Statutory Allocation 36,000,000,000 7.9% 33,000,000,000                    34,079,239,331.83
  Value Added Tax 16,000,000,000 3.5% 15,000,000,000                    15,814,067,686.91
  Other Statutory Revenue                              165,000,000,000 36.2%            125,000,000,000                 112,536,059,717.46
         
Grant Domestic Grants                                   12,404,200,000 2.7%               17,400,000,000                      8,613,816,825.00
  Foreign Grants                                     1,455,800,000 0.3%               12,600,000,000                         562,734,995.00
         
Opening Balance Opening Balance 27,000,000,000 5.92% 36,719,428,280                    36,719,428,275.59
           
Total Revenue, Grant (including Opening Balance)                                   295,863,250,000 64.8%               270,274,986,280                    237,390,910,162.85
           
Budget Financing Domestic Loans                                   60,642,666,840 13.3% 38,125,013,720                      7,800,000,000.00
  Foreign Loans                                   20,140,000,000 4.4%    
  Sales of Government Assets                                                          -   0.0%    
  Other Deficit Financing Items                                 79,604,753,160 17.4% 57,600,000,000                         415,232,392.30
Total Budget Financing                                   160,387,420,000 35.2%                 95,725,013,720                        8,215,232,392.30
Total Budget Revenue and Financing                                   456,250,670,000 100.0%               366,000,000,000                    245,606,142,555.15
NOTES
All numbers must be rounded to the nearest number  Source of Funds Composition 2021 Budget Target  2021  Percentage of Total Sources of Funds[2]
All input cells are coloured pink Internally Generated Revenue                                   38,003,250,000 8.3%
All calculation cells are coloured yellow Statutory Allocation                                   36,000,000,000 7.9%
All linked cells are coloured blue Value Added Tax                                   16,000,000,000 3.5%
All title cells are coloured green Other Statutory Revenue                                 165,000,000,000 36.2%
Domestic Grants                                   12,404,200,000 2.7%
Foreign Grants                                     1,455,800,000 0.3%
Opening Balance                                   27,000,000,000 5.9%
Domestic Loans                                   60,642,666,840 13.3%
Foreign Loans                                   20,140,000,000 4.4%
Sales of Government Assets                                                          -   0.0%
Other Deficit Financing Items                                    79,604,753,160 17.4%

[1]
Kristina M Aquino:
this column should be presented as a percentage number
[2]
Kristina M Aquino:
this column should be presented as a percentage number