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Forum » NAIJA NEWS LIFESTYLE | GIST
BREAKDOWN: 2016 Budget Stands as N6,060,677,358,227
Views: 675  |  Comments: 0 |  Posted: 06:53 Wed, 23 Mar 2016
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Posted on: 06:53 Wed, 23 Mar 2016



The Nigerian senate today, passed the 2016 budget presented by President Muhammadu Buhari over three months ago.

See breakdown of the budget.



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%
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