Home :: Tag Archives: 2-17 BUDGET

Tag Archives: 2-17 BUDGET

Full breakdown of 2017 budget

Budget size: N7.298tn (20.4% higher than 2016 estimates) Assumptions, projections Benchmark crude oil price – $42.5 per barrel Oil production estimate – 2.2 million barrels per day Average exchange rate – N305 to the US dollar. Aggregate revenue available to fund the federal budget is N4.94tn Deficit – N2.36tn (about 2.18% of GDP) The deficit will be financed mainly by ...

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