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Buhari Proposes N8.83 Trillion Budget For 2019 - Printable Version +- Forums (http://contripeople.com) +-- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=5) +--- Forum: General Discussion (http://contripeople.com/forumdisplay.php?fid=60) +--- Thread: Buhari Proposes N8.83 Trillion Budget For 2019 (/showthread.php?tid=12180)

Buhari Proposes N8.83 Trillion Budget For 2019 - Edoman - 12-19-2018 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 More details later… SOURCE: http://www.nigerianeye.com/2018/12/breaking-buhari-proposes-n883-trillion.html