Highlights of Revised 1999 Budget
- Budgets $2.14 billion for recurrent expenditure
- $4 billion for capital expenditure
- $2.3 billion to accrue to government
- Estimates deficit at $2.8 billion
- Review of import tarrifs underway
- Inauguration of privatization council
- Oil reserves increased to 30 billion barrels by 2003
- Daily oil ouput to hit 3 million barrels per day
- World Bank to carry out valuation audit of NITEL, NEPA, oil refineries, others
- Universal Primary Education (UPE) to be relaunched
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