2016 budget was reduced by N17bn before being passed

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The N6.077trn budget presented by Pres. Buhari was reduced to N6.060trn, before being passed today. N1.587trn was approved as the capital expenditure portion of the budget and N2.646.3trn as the recurrent expenditure. N351.37bn was approved as Statutory transfers, N1.475.3trn for Debt Service.
[post_ad]N2.2trn was approved for Fiscal deficit. An oil benchmark of $38; Crude production of 2.2000m barrel per day and the exchange rate of N197 to $1, were also adopted for the implementation of the budget…. dt all Nigerians av been hailing as d budget of change….


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