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NATIONAL: Senate raises 2021 budget by N505b, passes N13.5tr

AFTER two months that President Buhari presented N13.082trn 2021 budget to the National Assembly, the Senate today, at a special plenary passed the budget.

The upper chamber, however, passed a budget totalling N13.5trn which means there is an increase of N505bn.

The fiscal document is predicated on oil benchmark $40 per barrel, N3.324trn for debt servicing, N4.1trn for capital expenditure, N5.6 trillion for recurrent, N496 bn for statutory transfer.

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