Senate passes N10.805trn revised 2020 revised budget

By our reporter| The Senate on Wednesday passed the revised 2020 budget of N10,805,544,664,642.

The lawmakers passed the budget during plenary on Thursday, a day after members of the House of Representatives approved the same figure.

A breakdown of the figure shows that the sum of N2,488,789,433,344 is for capital expenditure and recurrent non-debt expenditure has N4,942,269,241,984.

The executive also allocated N422,775,979,362 for statutory transfer, while N2,951,710,000,000 was budgeted for debt service.

The budget was initially passed in December but it came back to the national assembly after the executive reworked it to reflect the current economic realities following the outbreak of the COVID-19 pandemic.