National Assembly Inflates 2018 Budget To N9.120 Trillion

The National Assembly has jerked up the 2018 budget to N9.120 trillion.

The details of the budget were listed on the Order Paper.

Breakdown of the budget, which was laid before both Chambers Tuesday, shows that the sum of N530,421,368,624 is for statutory transfer; N2,203,835,365,699 is for debt service.

The sum of N199 billion is for sinking fund for maturing loans; N3,516,477,902,077 is for recurrent (non debt) expenditure while N2,869,600,351,825 is for development fund capital expenditure.

Details Later…

Independent

Be the first to comment

Leave a Reply

%d bloggers like this: