Tag: Budget

Budget: Types, Revenue and Expenditure


A budget may be defined as a financial statement of the total estimated revenue and the proposed expenditure of a government in a given period, usually a year.  Types of Budget  1. Balanced Budget  This is when the total estimated revenue is equal to the proposed expenditure. This means that nothing will be left as […]

Breakdown of Nigeria’s 2016 Budget


The Breakdown of Nigeria’s 2016 Budget is currently based on a crude oil benchmark price of $38 per barrel and a production estimate of 2.2 million barrels per day for 2016. Breakdown of Nigeria’s 2016 Budget for different sectors GDP Growth Rate Projection 4.37% Revenue Projection 3.86 Naira Deficit 2.22 trillion Naira (equivalent to 2.16% […]