Govt reviews framework for budget 2012

Reduces benchmark to $70, pegs exchange rate at N155 Fixes deficit at N1.1 trillion Reps probes govt’s interventionist scheme EVEN before the formal presentation of 2012 budget to the National Assembly for consideration, the Executive arm of government has reviewed some of the major elements in the Appropriation Bill. The changes include the downward review of the budget benchmark from $75 to $70 per barrel, fiscal deficit of N1.1 trillion and exchange rate of N155 to the dollar. The Director ...
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Added November 02, 2011
from Guardian News