BREAKING NEWS

NASS Passes Revised 2020 Appropriation Bill

Published

3 months ago

May 28, 2020

ABN TV EDITOR

The Senate and the House of Representatives on Thursday passed the revised 2020 budget of N10.505 trillion for second reading.

Moving the motion for the budget to be read a second time, Leaders of both Chambers, Senator Yahaya Abdullahi, and Rep. Ado Doguwa said that N398.505 billion is for Statutory Transfers while N2.951 trillion is for Debt Service.

Also Read: Over 500 Ghost Projects Approved In 2019 Budget For NDDC – Acting MD

N4.928 trillion is budgeted for Recurrent (Non-Debt) Expenditure while the sum of N2.230 trillion is for contribution to the Development Fund for Capital Expenditure for the year ending on 31 December 2020.

The document has been referred to the relevant committees of the two chambers for further legislative work and to report back next Tuesday.

Details shortly,,,

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Related Topics:2020 Appropriation BillN10.505 trillionNASSNASS Passes Revised 2020 Appropriation BillYahaya Abdullahi

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