See Breakdown Of 2016 Passed Budget

Forum 8 years ago

See Breakdown Of 2016 Passed Budget

The Nigerian senate today, passed the 2016 budget presented by President Muhammadu Buhari over three months ago. See breakdown of the budget beneath;

Statutory transfers: 351,370,000,000

Debt service: 1,475,320,000,00

Recurrent expenditure: 2,646,389,236,196

Capital expenditure: 1,587,598,122,031

Fiscal deficit: 2,204,936,925,711.16

Deficit/GDP: 2.14%