Okonjo Iweala presents a proposed budget of N4.3 trillion to the National Assembly

The Cordinating Minister of the economy and Minister of Finance today, Wednesday 17, 2014 presented a proposed budget of N4.3 trillion to the National Assembly.

Here are the highpoints of the proposed budget;

• The proposed budget rests on  a benchmark oil price of $65 a barrel (as against $77.5 used for 2014 budget).
• Oil production forecast was set at 2.27 million barrels per day (as against 2.38 million barrels used for 2014 budget).
• GDP growth of 5.5 percent (as against 6.35 percent earlier said by the National Bureau of Statistics).

The Senate affirmed that two (2) days will be used in deliberating the 2015 budget before closing plenary for the year.