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  • Updated: June 11, 2020

Senate Passes Revised 2020 Budget

 Senate Passes Revised 2020 Budget

The Senate has on Thursday passed the revised 2020 budget of N10.8 trillion.

This is coming a day after the House of Representatives passed the revised 2020 budget of the N10.8 trillion. 

The budget was passed at both the Senate plenary and at the Committee of Supplies following the consideration of the report of the Senator Barau Jibri led Committee on Appropriation.

The Upper Chamber increased the revised estimate from N10.59trillion to N10.805trillion.

A breakdown of the figure shows that the sum of N2,488,789,433,344 is for capital expenditure and recurrent non-debt expenditure has N4,942,269,241,984.

The executive also allocated N422,775,979,362 for statutory transfer, while N2,951,710,000,000 was budgeted for debt service.

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