Check Out The Breakdown Of The 2016 Budget As Presented By Mr President

Below is the breakdown of the 2016 budget as presented by President Muhammadu Buhari to the house

GDP Growth Rate Projection 4.37%

Revenue Projection 3.86 Naira

Deficit 2.22 trillion Naira (equivalent to 2.16% of Nigeria’s GDP)

Oil Related Revenues 820 billion Naira

Non-oil Revenues 1.45 trillion Naira

Projected Independent Revenues 1.51 trillion Naira

Capital Expenditure 1.8 trillion Naira (30% of total budget)

Works, Power and Housing 433.4 billion Naira

Transport 202.0 billion Naira Interior 53.1 billion Naira

Special Intervention Programs 300 billion Naira

Education 369.6 billion Naira

Defence 294.5 billion Naira

Health 221.7 billion Naira

Ministry of Interior 145.3 billion Naira

Foreign and Domestic Debt Service 1.36 trillion Naira

Sinking Fund towards the retirement of maturing loans 113 billion Naira

Non-debt Recurrent Expenditure 2.65 trillion Naira

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