FG Plans N 8 Trillion Budgets For 2016

Posted by admin | 8 years ago | 2,252 times



The 2016 Federal budget, is been estimated to be between 7 trillion naira and 8 trillion naira.

 

Vice President Yemi Osinbanjo disclosed this at the retreat organised by the Office of the Secretary to the Government of the Federation for ministers designate.

 

Osinbanjo stated that while the percentage of capital expenditure to recurrent expenditure in the 2015 budget was 19.4, the government would propose 40 percent for next year’s budget.

 

He further explained that the budget process will be zero based; a method of budgeting by which all expenses must be justified for each new budget year.

 


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