Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,165,989 members, 7,863,535 topics. Date: Monday, 17 June 2024 at 07:36 PM |
Nairaland Forum / Nairaland / General / Politics / President Muhammadu Buhari Has Proposed #8.83 Trillion Naira Budget For 2019 (192 Views)
FG Spends N4.83 Trillion From Bonds, Treasury Bills To Settle Borrowing From CBN / Proposed 8,000 Naira Palliative Is A Lot To Many Families - Abdullahi Sule / Buhari Proposes N8.83 Trillion Budget For 2019 (2) (3) (4)
(1) (Reply)
President Muhammadu Buhari Has Proposed #8.83 Trillion Naira Budget For 2019 by Ashleyeniwin(f): 4:07pm On Dec 19, 2018 |
President Muhammadu Buhari has proposed N8.83 trillion naira budget for 2019 to the joint session of the National Assembly. The presentation of the budget was presented under a rowdy session with opposition lawmakers repeatedly booing the President as he listed his achievements. The budget proposal was prepared based on the following assumptions: Oil price: $60 per barrel of oil production rate: 2.3 million barrels per day exchange rate: N305 to $1 Real GDP growth: 3.01 per cent inflation rate: 9.98 per cent. The proposed budget shows that about a quarter of the sum (N2.14 trillion) will be used for debt servicing while capital expenditure is expected to gulp N2.031 trillion. See more breakdown below. Recurrent – N4.04 trillion Debt service – N2.14 trillion Statutory transfer – N492.36 billion Sinking fund – N120 billion Capital expenditure – N2.031 trillion |
(1) (Reply)
2019 Presidency: Nigeria Has Never Produced Leaders Like Me, Peter Obi – Atiku / Politics Quote / Edo Police Command Assures Of Safety During Yuletide, Warns Against Thuggery...
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |