BREAKDOWN: 2016 Budget Stands As N6,060,677,358,227

The Nigerian senate today, passed the 2016 budget presented by President Muhammadu Buhari over three months ago.

See Breakdown of 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%