Senate increases, Approves 2024 budget
Thompson Nsisongabasi
Dec 30, 2023
The Senate has increased the 2024 budget by a total of N1.2tn, from the budget from N27.5tn to N28.7tn.
READ ALSO: THE POLITICAL ECONOMY OF XENOPHOBIA - BY ALEX OTTI
The aggregate expenditure was pegged at N28,777,404.073.861;
The breakdown of the budget is as follows:
READ ALSO: Sowore's Miscalculation and the Need to beat a Wise Retreat
Capital
9.9 Trillion Naira
READ ALSO: Why El-Rufai Was Returned To ICPC Custody?
Recurrent
8.7 Trillion Naira
READ ALSO: Gov. Uzodinma Reveals Number Of Hoodlums Arrested In Imo | READ IN FULL
Debt Service
8.2 Trillion Naira
READ ALSO: Why Skincare Alone Won't Save Your Skin
Statutory Transfers
1.7 Trillion Naira
READ ALSO: [VIDEO] Alleged violation of COVID-19 guidelines: The video of D'banj in a party
Gdp
3.88 Percent
According to the report submitted by the Appropriation Committee led by Senator Solomon Adeola.
READ ALSO: I Will Not Allow Criminality As President, Peter Obi Declares
President Bola Tinubu, on November 29, presented a total of N27.5tn budget proposal to a joint session of the National Assembly.
The President pegged the budget deficit for the 2024 fiscal year at N9.18 tn.
Related Stories
REVEALED: How All Progressives Congress (APC) Played Into The Opposition Hands Ahead Of 2027 - Sumner Sambo Warns
I Will Not Allow Criminality As President, Peter Obi Declares
Why El-Rufai Was Returned To ICPC Custody?
Sowore's Miscalculation and the Need to beat a Wise Retreat
Tinubu Breaks Silence on Hardship, Inflation, Power Crisis - Vows Nigeria Will Overcome Economic Storm
"Terrorists Have Outgunned Our Troops" - Ndume Raises Alarm Over Boko Haram War, Sends Urgent Message To Tinubu
""
— Thompson Nsisongabasi