Breakdown of 2018 Budget As Passed By Senate

The Senate has on Wednesday finally passed the 2018 budget of the Federal Republic of Nigeria.

Recall that the budget was increased from the earlier proposal of N8.612 trillion presented by President Muhammadu Buhari in December last year to N9.120trn in consultation with the executive according to the Chairman, Senate Committee on Appropriations, Dajuma Goje,

The breakdown of the 2018  budget as passed by the national assembly are as follows :

N530,421,368,624 for Statutory Transfer;

N2,203,835,365,699 for Debt Service;

N3,512,677,902,077 for Recurrent Expenditure,

N2,873,400,351,825 for Capital Expenditure,

Fiscal Deficit of N1,954,464,993,775 and

1.73 percent Deficit to GDP

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