The Federal Government Council on Monday licensed the 2025 Funds Proposal.
The Minister of Funds and Financial Making plans, Atiku Bagudu, evident this to Environment Space Correspondents next the Council met for the latter life in 2024 on the Aso Rock Villa, Abuja.
He stated, “These days, the Federal Government Council licensed the price range proposals for 2025 with amendments which Mr President directed following a presentation to the Federal Government Council led by means of the Director-Common of the Funds Workplace, Tanimu Yakubu.
“The 2025 framework is in keeping with an oil worth benchmark of $75 in step with barrel. Oil manufacturing of two.06 million barrels in step with era; change fee of 1 N1,400 (to the greenback).
“A lot of these are already incorporated within the medium-term expenditure framework which we now have offered right here, which has additionally been licensed by means of the Nationwide Meeting.
“So the total projected revenue for 2025 stands at N34.82tn out of which the expenditure is projected at N47.96tn which is an increase of 36.8% from the 2024 estimate. The deficit for 2025 is projected at N13.13tn representing 3.89% of GDP.”
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With 3 years of enjoy, Stephen, The PUNCH correspondent, has been masking Nigeria’s presidency, politics, safety, immigration and trafficking in individuals
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