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/

Sai BABA BUHARI Down Looter Atiku!

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

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.

GoodofNaija:
Last budget

In your warped up mind

Bubu's last budget before Atiku takes over.

Wonders shall never end ...

So there's an ashawo thread on nairaland



https://www.nairaland.com/2536003/ashewo-beer-parlour-share-ashewo

Spits.

The Economic cow at it again..

Budget that doesn't have any impact on the people. Buhari should not screw up the economy more than he had done already.

ManirBK:
Sai BABA BUHARI Down Looter Atiku!

You went on BMC strike before

Abi you ran out of data

Zombies everywhere

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

buhari shut up

ana God go save us las las

Not even up to 10 percent of what Apple makes in a year

They'll still borrow as usual to finance that budget. Useless government.

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

Do and go and borrow the money fast fast... China market Don show

Is the education budget up to the 25% UN standard

ManirBK:
Sai BABA BUHARI Down Looter Atiku!

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

ManirBK:
Sai BABA BUHARI Down Looter Atiku!

hahaha... useless people

How will you pay for It?
How much is capital expense?
What new stream of revenue have you generated?

Last budget

Back to Daura

Awon Oloribuku de de!! Abeg make den sell this country and give me my share...

.

If we add all this man budget, Naija for don be like Dubai o

If we add all this man budget, Naija for don be like Dubai o