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Thursday, 15 March 2012

2012 BUDGET AT A GLANCE AS PASSED BY SENATE TODAY

Senate passes an aggregate of 4,877,209,156,933 Trillion Naira.

BREAK DOWN

Statutory Transfers-- 372 point 593 Billion naira. 

Debt Services--
559 point 580 Billion naira. 

Recurrent Expenditure--
2 point 425 Trillion naira. 

Capital Expenditure--
1 point 519 Trillion naira 

Benchmark
72 dollar per barrel

Daily crude oil production put at 2 point 48 million.  

Exchange rate is 155 naira per dollar. 

Fuel Subsidy funds is put at 888 billion naira. 
_NOTE -- The budget is increased by 228 billion naira.

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