BREAKING NEWS!!! Senate Passes 2020 Budget Of N10.594 Trillion

Posted by E.L.E.X on December 05 2019 under News









Nigerian Senate on Thursday passed the 2020 budget of N10.594 trillion into law.

This is against the proposed budget of N10.33 trillion presented to the joint National Assembly by President Muhammadu Buhari in October, 2019.

The passage of the budget, however, represents record breaking and a deviation from what was obtained in the 8th National Assembly in which budget were passed almost eight months after it was presented.

Chairman, Senate Committee on Appropriation, Senator Barau Jibrin, said the increase of N264 billion into the budget allowed for interventions in critical areas such as national security, road infrastructure mines and steel development, health among others.

According to him, statutory transfer stood at N560.5 billion, Recurrent Expenditure at N4.8 billion, Capital Expenditure at N2.5 billion, Debt Servicing at N2.7 billion, Fiscal Deficit at N2.3 trillion and Deficit to GDP of 1.52 per cent.

Details later…




YOU MAY ALSO LIKE

Related Posts Pictures

NDDC: EFCC invites Akpabio and Pondei for questioning

Related Posts Pictures

3 Corps members and 19 undergraduates arrested for alleged Internet fraud in Ibadan (photos)

Related Posts Pictures

BUSTED!! EFCC Arrests Adedamola Adewale β€œAdeherself”, 4 Others For Internet Fraud (Photos)

Related Posts Pictures

Coronavirus Update: Global Coronavirus Death Toll Is Now More Than 10,000

Related Posts Pictures

List Of 74 Political Parties Deregistered By INEC

Comments


Add Comment

All fields are required!








Contact Us Picture

Are you interested in Advert placement | Promoting your Music or Video | Other Enquiries? We are always available to get that done for you without breaking a sweat. Send us a mail @ elextechnologies4@gmail.com | Call us @ 08132021949 | Message us via whatsapp @ 08132021949