The Senate on a Thursday passed the sum N10.805 trillion as revised budget for the 2020 fiscal year. The passage followed consideration of the report of the Senate Committee on Appropriations on the Appropriation Act (Amendment) Bill, 2020. Accordingly, out of the sum of N10,805,544,664,642 to be issued from the Consolidated Revenue Fund, N422,775,979,362 is for Statutory transfers; N2,951,710,000,000 is for Debt Service; N4,942,269,251,934 is for Recurrent (Non-Debt) Expenditure; and N2,488,789,433,344 is for contribution to the Development Fund for Capital Expenditure . President of the Senate, Ahmad Lawan, in his…
Senate passes N10.8trn revised 2020 budget
