Politics

BREAKING: Senate increases 2024 budget by N1.2tn

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; statutory transfers -N1,742,786,788,150; recurrent expenditure- N8,768.5330,852; capital expenditure-N9,995,143,298,028 and GDP at 3.88%, 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.

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