President Bola Ahmed Tinubu has asked the National Assembly members to speedily consider and approve the 2024 budget of N27.5 trillion in 30 days.
Addressing a joint session of the National Assembly on the 2024 budget proposal on Wednesday in Abuja, President Tinubu said the speedy passage of the fiscal estimates was to sustain the January-December budget calendar, started by the last administration.
According to Dailytrust, the budget has an aggregate expenditure of 27.5 trillion naira, of which the non-debt recurrent expenditure is 9.92 trillion naira while debt service is projected to be 8.25 trillion naira and capital expenditure is 8.7 trillion naira.
Budget deficit is projected at 9.18 trillion naira in 2024 or 3.88 percent of GDP.
The Senate said it will, on Thursday and Friday, consider the 2024 budget for first and second readings and then adjourn plenary till December 12 for budget defence with MDAs.
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