Buhari Presents N6.08tr 2016 Budget
22 Dec 2015
Buhari
Omololu Ogunmade and Damilola Oyedele in Abuja
President Muhammadu Buhari this Tuesday presented N6.08 trillion as the 2016 budget proposal before the joint session of the National Assembly.
According to him, the budget which is designed to revive the economy, will be predicated on a rise of capital expenditure from N557 billion in 2015 to N1.8 trillion in 2016.
He also said the recurrent expenditure has been reduced from N2.57 trillion in 2015 to proposed N2.43 trillion in 2016 while N1.66 trillion is designed for foreign and domestic debt servicing.
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