Four point seven four trillion naira is being proposed as recurrent expenditure in the 2020 budget.
The proposed capital vote also stands at two point zero five trillion naira.
The figures were made public at a consultation meeting on the medium term expenditure framework in Abuja.
Gfx Projected figures for the 2020 budget show a higher recurrent expenditure than that of 2019 and a reduced capital spending .
The assumptions also show a lower oil benchmark and oil production target.
The inflation rate projection is higher while the gdp is lower.But the exchange rate is left steady while the
The 2019 budget received executive assent in June. Figures on its performance are now being released.
Government also wants to introduce a multi year budget cycle.
This is alongside plans to create a hundred million jobs jobs over the next 10 yrs.
