Full Breakdown of 2016 National Budget

Nigeria’s president Buhari presented the national budget for 2016 to the national assembly on Tueday, December 23. See the full breakdown of the budget he presented below

GDP Growth Rate Projection	4.37%
Revenue Projection	3.86 Naira
Deficit	2.22 trillion Naira (equivalent to 2.16% of Nigeria’s GDP)
Oil Related Revenues	820 billion Naira
Non-oil Revenues	1.45 trillion Naira
Projected Independent Revenues	1.51 trillion Naira
Capital Expenditure	1.8 trillion Naira (30%  of total budget)
Works, Power and Housing	433.4 billion Naira
Transport	202.0 billion Naira
Interior	53.1 billion Naira
Special Intervention Programs	300 billion Naira
Education	369.6 billion Naira
Defence	294.5 billion Naira
Health	221.7 billion Naira
Ministry of Interior	145.3 billion Naira
Foreign and Domestic Debt Service	1.36 trillion Naira
Sinking Fund towards the retirement of maturing loans	113 billion Naira
Non-debt Recurrent Expenditure	2.65 trillion Naira

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