The Nigerian Budget Office has released a document on proposed expenditure framework and fiscal strategy in Nigeria, between now and 2015. This follows the presentation of the 2013 Budget by President Jonathan, a week ago. The document is a 15 – page paper, with tables, charts and write-ups projecting the expenditure of the Federal Government till 2015.
It explained Nigeria’s Debt sustainability, Debt Service, and Expenditure Out-turns. It puts oil production around 2.5 million barrels and, benchmark at $75 dollars due to potential volatilities in the international oil market. It showed our good real-GDP figures far above most developing economies, and projected reduction of domestic borrowing.