President Buhari proposed aggregate expenditure of N10.33 trillion for the Federal Government in 2020
President Muhammadu Buhari on Wednesday presented his proposal for Nigeria’s 2020 budget to a joint session of the National Assembly in Abuja.The proposal shows that about a quarter of the sum will be used for debt servicing, while capital expenditure is expected to gulp N2.14 trillion which excludes the capital component of statutory transfers.
Other assumptions include real GDP growth of 2.93 per cent while “inflation is expected to remain slightly above single digits in 2020.”a. Fiscal consolidation, to strengthen the macroeconomic environment; He explained that the increasing share of non-oil revenues underscores confidence in his administration’s revenue diversification strategies, going forward.
f. N80.88 billion for the Niger Delta Development Commission , which is now supervised by the Ministry of Niger Delta Affairs.
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