Neco Model Questions Vol1 2021 Government Question 25
Practice objective / multiple choice question 25 from the 2021 Neco Model Questions Vol1 Government examination.
A state government prepares its annual budget using a performance‑based allocation (PBA) formula. The formula allocates 40% of the total recurrent budget to health, 30% to education, and the remaining 30% is distributed among other sectors proportionally to their previous year's expenditure. In the previous year, the total recurrent budget was \(\text{₦}500\) billion, with health receiving \(\text{₦}150\) billion and education \(\text{₦}120\) billion. Calculate the amount allocated to the "other sectors" pool for the current year if the total recurrent budget is increased by 10% and the percentages for health and education remain unchanged. Show all steps.
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About This Question
This is Neco Model Questions Vol1 2021 Government Question 25. It is one of the objective questions from the 2021 Neco Model Questions Vol1 Government examination.
Difficulty level: Hard .
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