The Senate, on Wednesday, passed the 2016 Appropriation Bill and
reduced the budget size from the initial N6.077trn presented to the
federal parliament by President Muhammadu Buhari on December 23, 2015,
to N6.060trn, a difference of N17bn.
The federal lawmakers approved the N1.587trn as the capital
expenditure portion of the budget and the recurrent expenditure of
N2.646.3trn.
They also approved N351.37bn as Statutory transfers, N1.475.3trn for Debt Service, and N2.2trn for Fiscal deficit.
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