The 2016 budget deficit will now expand by N800 billion to N3trn, which will be 3 per cent of GDP, the Minister of Finance, Mrs Kemi Adeosun has said.
In a presentation on the economy released yesterday, the minister said initially, the 2016 budget deficit estimated at 2.2trn or 2.16 per cent of GDP based on an estimated benchmark oil price of $38pb.
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