Salary Payment In Abia: Propaganda Built On Faulty Arithmetic- By Pastor Prof Chukwuemeka Ifegwu Eke
SALARY PAYMENT IN ABIA: PROPAGANDA BUILT ON FAULTY ARITHMETIC The attempt to reduce Abia’s public finances to “total revenue minus salaries equals money left over” is economically misleading. Revenue is not the same as surplus cash Government revenue must fund roads, schools, hospitals, security, waste management, pensions, debt obligations, administration, counterpart funding and other public services. Subtracting only salaries from revenue and declaring the remainder “available” is not credible public-sector accounting. The ₦1.1 trillion figure requires proper disclosure Does it represent actual recurrent revenue, capital receipts, grants, opening balances, refunds or financing inflows? Budget projections and borrowed funds cannot simply…
