The Senate has increased the 2024 budget by a total of N1.2tn, from the budget from N27.5tn to N28.7tn.
The aggregate expenditure was pegged at N28,777,404.073.861;
The breakdown of the budget is as follows:
Capital
9.9 Trillion Naira
Recurrent
8.7 Trillion Naira
Debt Service
8.2 Trillion Naira
Statutory Transfers
1.7 Trillion Naira
Gdp
3.88 Percent
According to the report submitted by the Appropriation Committee led by Senator Solomon Adeola.
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.