Indicative 2016 Budget as Passed by the Senate Today

Budget 2016

March 23, 2016/Cordros

2016 BudgetPassed by the SenateMTEF 2016Variation
Debt service (N’ trn)1.481.480%
Statutory transfers (N’bn)351.4351.40%
Capital expenditure (N’ trn)1.591.86-15%
Budget deficit/GDP (%)2.142.2-6bps
Exchange Rate (NGN/US$)1971970%
Benchmark oil price (US$)38380%
Oil production mbpd2.22.20%
Total exp budget (N’ trn)6.066.080%
Recurrent exp (N’ trn)2.652.650%

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