President Muhammadu Buhari has presented an appropriation bill of N16.39 trillion as the total expenditure of the federal government in 2022. The president laid the appropriation bill christened ‘Budget of Economic Growth and Sustainability’ before a joint session of the national assembly on Thursday. A breakdown of the budget shows that N768.28 billion was earmarked for statutory transfers, N6.83 trillion for non-debt recurrent costs, N792.39 billion for overhead costs, and N5.35 trillion for capital expenditure. “We expect the total fiscal operations of the federal government to result in a deficit…
Read MoreBUHARI PRESENTS N16.39TRN 2022 BUDGET TO NATIONAL ASSEMBLY
