President Bola Tinubu on Friday, signed the N54.99 trillion budget, recently passed by the National Assembly, into law.
The budget as passed by the National Assembly, contains N3.65 trillion, statutory transfers, a recurrent expenditure of N13.64 trillion, as well as Capital Expenditure of N23.96 trillion.
Under the 2025 budget debt servicing is expected to gulp N14.32 trillion, as well as N13.08 trillion fiscal deficit
The budget also has a Deficit-to-GDP Ratio of 1.52%.
Details later…
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