In News by Oluwaseun Samuel on the 11th, June, 2020

Senate Passes N10.805tr Revised 2020 Funds

Senate Passes N10.805tr Revised 2020 Budget

N10.805tr revised 2020 budget

Senate

The Senate on Thursday handed the revised 2020 price range of N10.eight trillion, the precise quantity permitted by the Home of Representatives on Wednesday, The PUNCH studies.

The price range was handed at each the Senate plenary and on the Committee of Provides following the consideration of the report of the Senator Barau Jibri-led Committee on Appropriation, The PUNCH studies.

The Senate elevated the price range dimension of N10.5 trillion offered to it by the manager by about N300 billion.

The sum of N500 billion was handed within the price range as an intervention fund for COVID-19, whereas N186 billion was earmarked for the well being sector.

The sum of N422 billion was for statutory transfers and N4.9trillion for recurrent expenditure.

Capital expenditure gulped N2.four trillion whereas N2.9 trillion was earmarked for debt servicing.

Particulars later…

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