Wednesday, March 27, 2024
HomePoliticsNEWSSenate have passed the revised 2020 budget of N10.805trn

Senate have passed the revised 2020 budget of N10.805trn

The Senate said, yesterday, that inefficiency on the part of the executive arm of government threatened the quick passage of the N10.509 trillion revised budget draft sent to the National Assembly two weeks ago.

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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