2021: Buhari proposes N12.66 trillion budget


President of the Senate, Ahmad Lawan on Tuesday read on the floor of the Senate, the 2020 – 2021 Medium Term Expenditure Framework and Fiscal Strategy Paper from President Muhammadu Buhari.

The document forwarded to the Senate by President Muhammadu Buhari for approval proposed the sum of N12.66trillion as aggregate expenditure for 2021 on a deficit of N5.16 trillion to be financed by total loan packages of N4.28 trillion.

It further targeted N481.41billion as statutory transfers, N5.75trillion as recurrent expenditure, N3.33trillion for capital expenditure and N3.12 trillion for debt servicing.

The document equally projected $40 as oil price benchmark, 1.86million barrels as oil…

Source: Nigerian Tribune