Business Nigeria Plans N4.74tn Budget for 2015

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LequteMan

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The Federal Government of Nigeria is planning to spend N4.75tn for the 2015 fiscal year, #Punch reveals.

Extract:

The Federal Government is projecting a budget of N4.74tn for the 2015 fiscal year, a document obtained from the Ministry of Finance has revealed.

This figure was contained in the government’s Medium Term Expenditure Framework and Fiscal Strategy Paper covering the 2014 to 2016 fiscal periods.

The MTEF and FSP, a copy which was obtained by our correspondent on Friday in #Abuja, provides the basis for annual budget planning and consists of a macroeconomic framework that indicates fiscal targets, estimates, revenues and expenditure, including government financial obligations in the medium term.

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