JuicyChitChats : ECONOMY - The Nigerian 2016 Budget Breakdown

Thursday, March 24, 2016

ECONOMY - The Nigerian 2016 Budget Breakdown

Twitter via Nigerian Senate

THE 2016 BUDGET BREAK DOWN

2016 Budget stands as N6,060,677,358,227

BREAKDOWN;

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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3 comments:

AnonymousMarch 24, 2016 at 1:25 PM
Can somebody explain what this means to the average Nigerian on the danfo bus? How does this mathematics help us o? Will it reduce the corruption among the politicians.
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AnonymousMarch 24, 2016 at 1:40 PM
Smh
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AnonymousMarch 25, 2016 at 9:48 AM
What's the common English equivalent of these numbers? lol.
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