The Senate Yesterday Wednesday April 9th passed the 2014 budget totalling N4.695 trillion , an amount which is N52.2billion higher than the N4.642trillion which was submitted by President Goodluck Jonathan to the National Assembly on December 19, 2013, through the Co-ordinating Minister of the Economy and Minister of Finance, Mrs. Ngozi Okonjo-Iweala.
Highlights of the 2014 budget as approved by the senate are:-
Statutory Transfers (N408,687,801,891)
Debts Service (N712,000,000,000)
Recurrent Expenditure (N2,454,887,566,702)
Capital Expenditure (N1,119,614,631,407) while the
Aggregate Expenditure is N4,695,190,000,000.
Source:- Punch
Statutory Transfers (N408,687,801,891)
Debts Service (N712,000,000,000)
Recurrent Expenditure (N2,454,887,566,702)
Capital Expenditure (N1,119,614,631,407) while the
Aggregate Expenditure is N4,695,190,000,000.
Source:- Punch
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