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2018 Budget Changed From N8.612tn to N9.120trn

The new size of the 2018 budget is N9.120trn. This is contained in the report of the National Assembly joint Committees on Appropriation just presented to members. 



The new figure has a difference of about N508bn, up from the N8.612tn presented by President Muhammadu Buhari on November 7, 2017.

According to the document laid at the House on Tuesday, N530,421,368,624 was proposed for statutory transfer; N2,869,600,351,825 for development fund for capital expenditure; N3,516,477,902,077 for recurrent (non debt) expenditure; while N2,203,835,365,699 is for debt service; and N199bn as sinking fund for maturing loan.

Details later…
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