2004 Spending Allocations In 2004, the first full year of oil production, Chad earned $131 million in net oil proceeds. (see How do Revenues Flow?). The Government of Chad calculated its 2004 allocations, in line with the Revenue Management Program, based on projected gross oil revenues of about $112 million. Click on the three categories below to get details on the allocations and commitments: ------------------------------ 2005 Spending Allocations The government originally estimated its 2005 oil revenues to be CFAF 125 billion (or about $240 million). In the first half of 2005, oil production was lower than expected. Although the loss of production was partially made up for by higher oil prices, the government revised its oil revenue estimates down, and the various allocations accordingly. In the August revised budget, the priority sector allocation was CFAF 87.9 billion (about $160 million). Priority Sector Expenditures of 2005 Oil Revenues | Ministry | Revised Allocations* | Outlays approved by
Collège as % of allocation | | Public Works & Transport | 33,620,117,000 | 95.7% | | Primary Education | 10,694,990,000 | 73.3% | | Public Health | 10,620,985,000 | 74.3% | | Agriculture | 9,099,271,000 | 104.1% | | Mines and Energy | 8,200,000,000 | 99.4% | | Higher Education | 5,084,200,000 | 91.2% | | Operating Expenses | 3,000,000,000 | 100.0% | | Urban Development | 2,928,000,000 | 94.1% | | Environment and Water | 1,601,677,000 | 93.3% | | Social and Family Action | 1,420,260,000 | 71.9% | | Animal Husbandry/Livestock | 1,050,000,000 | 95.9% | | Ministry of Petroleum | 550,000,000 | 43.6% | | Total | 87,869,500,000 | 90.7% | * Amounts in CFAF (US$ 1 approximately equivalent to 542 CFAF)
As of December 31, 2005
SOURCE: Collège de Controle et de Surveillance des Ressources Petrolières |
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