National Assembly has finally passed the budget. The budget which has been subject of controversy between the executive and the parliament with counter accusations of who is delaying the budget has been finally passed by National Assembly.
A total figure of N9.1T was passed for the year 2018.The budget was christened Budget of Consolidation.
The breakdown shows a that:
- N530B Statutory Transfers
- N2.2T Debt Service
- N3.5T Recurrent Non Debt Expenditure
- N2.8T Contribution to Development Fund for Capital Expenditure
- Oil benchmark of $51pb
- Oil Output of 2.3m barrels per day
More details shortly,,,
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