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Nigerian Senate Passes 2017 Budget…See Budget Breakdown [PHOTO]

NIGERIAN SENATE-800x486The senate have passed the 2017 budget. The budget was passed during plenary which was chaired by Senate President Bukola Saraki.

He thanked Nigerians for their patience and understanding during the budget deliberations.

See a breakdown of the budget…

Breakdown

Debt Service (Local & Foreign): N1,663,885,430,499

Sinking Fund: N177,460,296,707

Total Debt Service: N1,849,345,727,206

Recurrent Non-debt expenditure: N2,086,176,493,860

Federal Executive Bodies: N1,413,441,659.90

Service wide Votes &Pension: N191,631,846,958

Total Pensions: N191,631,846,956

Other service wide votes: N138,700,000,000

Reforms to Special Acts: N40,000,000,000

Special Intervention recurrent (Heads):N350,000,000,000

Presidential Amnesty Programme Stipends: N766,700,000,000

Total Recurrent: N987,550,033,000

Capital Expenditure: N1,710,580,601,619

Head of sub-total Federal Executive Bodies: N7,248,944,788

Head of Federal Executive Bodies:N1,717,829,446,407

Capital Supplementation: N7,441,175,486,755

budget breakdown-2017

 

Source: The Nigerian Senate/Twitter

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Peace is a wife and mother who reports and analyses global trends from the perspective of a Deeva; in the hope of invoking a thought process that will lead to a positive change.

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