Budget

Nigeria: 2015 Budget Snapshot

Posted on by The Editorial Team
Nigeria: 2015 Budget Snapshot

The Nigerian Federal House of Representative on Thursday passed the sum of N4.5tn budget for the 2015 fiscal year with an increase of N135.4bn over initial proposal submitted in November 2014. In addition, the House has adopted an oil benchmark of US$53.0, daily oil production of 2.3mbpd, exchange rate of N190.00/US$1.00 and fiscal deficit/GDP ratio of 1.1%. Surprisingly, no provision for fuel subsidy was made in the approved 2015 Appropriation Act. A further review of…

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Uganda sees economic growth of 5.3 pct this fiscal year

Posted on by The Editorial Team

KAMPALA (Reuters) – Uganda’s economic growth is set to accelerate to 5.3 percent in fiscal 2014/15, driven by infrastructure investment aimed at maximizing benefits from an expected oil boom, outgoing finance minister Maria Kiwanuka said. She was speaking to Reuters before she was moved in a cabinet reshuffle on Sunday to become presidential advisor on finance. Her forecast was the government’s first growth estimate for the fiscal year ending in June, after Uganda rebased its…

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