Aggregate Expenditure- N10.594trillion
Statutory transfers– N560 billion
Debt service – N2.725 trillion
Recurrent expenditure – N4.842 trillion
Capital expenditure – N2.465 trillion.
Fiscal Deficit N2.28 trillion
Deficit to GDP 1.52 per cent
Oil production 2.18 mbpd
Oil benchmark $57 per barrel
By Sanni Onogu, Abuja
The Senate on Thursday passed the 2020 Budget of N10.594 trillion, as against N10.33trillion presented to the National Assembly by President Muhammadu Buhari.
The Senators effected an increase of N264billion on the Budget.
The passage, followed the consideration and adoption of the budget report of Senate Committee on Appropriation chaired by Senator Jibrin Barau.
Senator Barau while presenting his report at plenary, said the committee adopted the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) as approved by the National Assembly.
He said the committee worked…