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Nairaland Forum / Nairaland / General / Politics / FG Proposes N8.6trn Budget For 2019 (7148 Views)
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FG Proposes N8.6trn Budget For 2019 by ManirBK: 3:39pm On Oct 19, 2018 |
The federal government yesterday indicated that it was targeting a tighter fiscal plan next year, with a projected budget of N8.65 trillion in 2019. This was disclosed the minister of budget and national planning, Udo Udoma, during a public consultation on the 2019-2021 Medium Term Fiscal Framework and Strategy in Abuja. The federal government explained that it would cut the budget from N9.12 trillion in 2018 to N8.65 trillion in 2019. This, it said, is predicated on the need to ensure prudence, reduce deficit and borrowing while laying greater emphasis on revenue drive. The federal government also said it wanted to reduce the amount of borrowing to finance the nation’s budget deficit in the proposed 2019 fiscal year. According to the government’s 2019-2021 Medium Term Expenditure Framework (MTEF), the government will cut deficit in the 2019 budget draft from N1.9 trillion in 2018 to N1.6 trillion in 2019. LEADERSHIP Friday reports that there had been calls on the federal government to reduce its borrowing and pay more attention to internal revenue generation from the non-oil sector. While approving the federal government’s borrowing request on Wednesday, the Nigerian Senate re-emphasised the earlier call by the World Bank and the International Monetary Fund to either halt or slow down its debt accumulation. https://leadership.ng/2018/10/19/fg-proposes-n8-6trn-budget-for-2019/ |
Re: FG Proposes N8.6trn Budget For 2019 by ManirBK: 3:41pm On Oct 19, 2018 |
Sai BABA BUHARI Down Looter Atiku! 5 Likes 3 Shares |
Re: FG Proposes N8.6trn Budget For 2019 by GoodofNaija: 3:42pm On Oct 19, 2018 |
The Last budget of this govt of suffering, poverty, incompetence, lies, paper projects, propaganda, recession, medical tourism, inflation, job losses, unemployment, killings, terrorism, nepotism and failure 38 Likes 1 Share |
Re: FG Proposes N8.6trn Budget For 2019 by Pekele007: 3:45pm On Oct 19, 2018 |
They should propose and sort for the funds asap so Atiku/Obi can make use of it properly. They never made use of the last one for anything tangible. Lifeless President. 17 Likes 1 Share |
Re: FG Proposes N8.6trn Budget For 2019 by Flattino(m): 3:52pm On Oct 19, 2018 |
GoodofNaija:In your warped up mind 5 Likes |
Re: FG Proposes N8.6trn Budget For 2019 by redsquare(m): 4:09pm On Oct 19, 2018 |
Bubu's last budget before Atiku takes over. 29 Likes 2 Shares |
Re: FG Proposes N8.6trn Budget For 2019 by Nobody: 4:09pm On Oct 19, 2018 |
Wonders shall never end ... So there's an ashawo thread on nairaland https://www.nairaland.com/2536003/ashewo-beer-parlour-share-ashewo Spits. |
Re: FG Proposes N8.6trn Budget For 2019 by ZombiePUNISHER: 4:10pm On Oct 19, 2018 |
The Economic cow at it again.. |
Re: FG Proposes N8.6trn Budget For 2019 by Donbrig: 4:10pm On Oct 19, 2018 |
Budget that doesn't have any impact on the people. Buhari should not screw up the economy more than he had done already. 2 Likes |
Re: FG Proposes N8.6trn Budget For 2019 by ZombiePUNISHER: 4:10pm On Oct 19, 2018 |
Flattino: 5 Likes
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Re: FG Proposes N8.6trn Budget For 2019 by Groovenaija360(m): 4:10pm On Oct 19, 2018 |
Re: FG Proposes N8.6trn Budget For 2019 by speedyGonzales: 4:11pm On Oct 19, 2018 |
How much do we need to borrow for this one? |
Re: FG Proposes N8.6trn Budget For 2019 by ZombiePUNISHER: 4:11pm On Oct 19, 2018 |
ManirBK: You went on BMC strike before Abi you ran out of data Zombies everywhere 12 Likes 1 Share |
Re: FG Proposes N8.6trn Budget For 2019 by Sirpaul(m): 4:12pm On Oct 19, 2018 |
As a Vice, He stole more yam than his boss. Now he wants to be the captain. The entire farmland will simply disappear Atiku no room for you 2 Likes 1 Share |
Re: FG Proposes N8.6trn Budget For 2019 by atikulated2019: 4:12pm On Oct 19, 2018 |
buhari shut up 4 Likes |
Re: FG Proposes N8.6trn Budget For 2019 by biomustry: 4:16pm On Oct 19, 2018 |
ana God go save us las las |
Re: FG Proposes N8.6trn Budget For 2019 by hisexcellency34: 4:17pm On Oct 19, 2018 |
Not even up to 10 percent of what Apple makes in a year |
Re: FG Proposes N8.6trn Budget For 2019 by Nobody: 4:17pm On Oct 19, 2018 |
They'll still borrow as usual to finance that budget. Useless government. |
Re: FG Proposes N8.6trn Budget For 2019 by sanpipita(m): 4:17pm On Oct 19, 2018 |
How will they fund this, every time they make big budgets they can't fund then go on a borrowing spree at the end of the day with nothing to show for it |
Re: FG Proposes N8.6trn Budget For 2019 by pawesome(m): 4:17pm On Oct 19, 2018 |
Do and go and borrow the money fast fast... China market Don show |
Re: FG Proposes N8.6trn Budget For 2019 by 2dillu2(m): 4:17pm On Oct 19, 2018 |
Is the education budget up to the 25% UN standard |
Re: FG Proposes N8.6trn Budget For 2019 by naijapips02: 4:18pm On Oct 19, 2018 |
ManirBK: |
Re: FG Proposes N8.6trn Budget For 2019 by dechriscool(m): 4:19pm On Oct 19, 2018 |
All progressive confusionist(APC) Going back and front on the economy of the country without any thing to show for. How can you make a budget of more than your generated income and resort to borrowing to fund such a large budget? And you want to make a head way in the economy. This dysfunctional administration is stil campaigning even with previous budget proposals. Please God don't let us have another of this confusionist lead us again.Amen 2 Likes 1 Share |
Re: FG Proposes N8.6trn Budget For 2019 by hush15: 4:19pm On Oct 19, 2018 |
ManirBK: hahaha... useless people 1 Like |
Re: FG Proposes N8.6trn Budget For 2019 by Yankee101: 4:20pm On Oct 19, 2018 |
How will you pay for It? How much is capital expense? What new stream of revenue have you generated? |
Re: FG Proposes N8.6trn Budget For 2019 by Choice22(m): 4:20pm On Oct 19, 2018 |
Last budget Back to Daura 4 Likes
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Re: FG Proposes N8.6trn Budget For 2019 by ademide0710: 4:21pm On Oct 19, 2018 |
Awon Oloribuku de de!!
Abeg make den sell this country and give me my share... |
Re: FG Proposes N8.6trn Budget For 2019 by Nobody: 4:22pm On Oct 19, 2018 |
. |
Re: FG Proposes N8.6trn Budget For 2019 by PresidentAtiku(m): 4:22pm On Oct 19, 2018 |
If we add all this man budget, Naija for don be like Dubai o 1 Like
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Re: FG Proposes N8.6trn Budget For 2019 by PresidentAtiku(m): 4:22pm On Oct 19, 2018 |
If we add all this man budget, Naija for don be like Dubai o
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