Breakdown of 2016 National Budget Passed by the Senate

 
                              
The Nigerian senate today, passed the 2016 budget presented by President Muhammadu Buhari over three months ago.
 See the breakdown of the budget below:
 (1) Statutory transfers: 351,370,000,000
 (2) Debt service: 1,475,320,000,00
(3) Recurrent expenditure: 2,646,389,236,196
(4) Capital expenditure: 1,587,598,122,031
 (5) Fiscal deficit: 2,204,936,925,711.16
 
(7)  Deficit/GDP: 2.14%