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%
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