Business 2016 Budget Stands as N6,060,677,358,227 – See Breakdown

[ProfRem]

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%