September 21, 2020
News

NASS approves N10.805trn revised 2020 budget

NASS approves N10.805trn revised 2020 budget

The N10.805, 544,664,642 revised budget for 2020 which was approved on Wednesday, June 10, has been passed by the upper chamber of the nation’s National Assembly.

The Senate passed the reviewed budget during its plenary held on Thursday, June 11, Channels TV reports.

A breakdown of the new budget is as follows: capital expenditure – N2,488,789,433,344, recurrent non-debt expenditure – N4,942,269,241,984.

Also, while the sum of N422,775,979,362 was allocated to the executive arm of the federal government for statutory transfer, debt serving gets N2,951,710,000,000.

Leave a Reply

Your email address will not be published. Required fields are marked *