President Bola Tinubu, on Friday, signed the ₦54.99 trillion budget, recently passed by the National Assembly, into law.
The budget as passed by the National Assembly, contains ₦3.65 trillion, statutory transfers, a recurrent expenditure of ₦13.64 trillion, as well as Capital Expenditure of ₦23.96 trillion.
Under the 2025 budget, debt servicing is expected to gulp ₦14.32 trillion, as well as ₦13.08 trillion fiscal deficit.
The budget also has a Deficit-to-GDP Ratio of 1.52%.
(BusinessDay)
