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The Abridged Budget is a high-level summary of the approved budget.

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The Annual Appropriation Bill also known as the Annual Budget, is the budget as prepared and approved by the State Executive Council and presented to the State House of Assembly for deliberation and approval.

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The Quarterly Budget Performance Review is designed to evaluate the implementation of the budget to verify if the budget is performing according to plan. It highlights areas of optimal performance and facilitates prompt detection of divergence or variations if any, so actions can be taken to stir it back to course.

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Lagos State released its financials for the period Q1 2020, revealing an actual revenue of ₦282.6 billion for the quarter, 101% higher than the actual revenue of Q1 2019 which had been ₦140.7 billion. This was also 6% higher than the budget for 2020 which stood at ₦267.8 billion. Attributed to the breakdown were ₦100.3 billion on internally generated revenue, ₦141 billion on capital receipts, and ₦41.2 from federal transfers.

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