The National Assembly (NASS) on Thursday passed the 2020 Budget of N10.594 trillion, as against N10.33trillion presented to the National Assembly by President Muhammadu Buhari.
The breakdown of the budget as passed by Senate is as follows:
Read Also: President Buhari’s 2020 Budget Speech (Full Text)
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
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