Acting President Yemi Osinbajo on Monday finally signed the 2017 Appropriation Act into law in the presence of the principal officers of the National Assembly and other top government officials.
The budget, christened: ‘Budget of Economic Recovery and Growth’, has a revenue projection of N5.08tn and an aggregate expenditure of N7.44tn. The projected fiscal deficit of N2.36tn is to be financed largely by borrowing.
Shortly after signing the document into law at the Presidential Villa, Abuja, Osinbajo described the budget as an important milestone in the nation’s Economic Recovery and Growth Plan that was unveiled in April by President Muhammadu Buhari.
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