Posted 12/30/2023, 4:26:00 PM
Senate Passes 2024 Budget, Raises Spending to N28.7 Trillion While Lowering Deficit
- Senate passes 2024 budget for third reading, raising it from N27.5tn to N28.7tn
- Budget deficit set at N9.18 tn, lower than 2023's N13.78 tn deficit
- Deficit to be financed by N7.83tn in borrowings, N298.49bn in privatization proceeds, N1.05tn in loans
- Senate raised its own budget allocation to N49bn, House of Reps to N78.6bn
- National Assembly expected to pass budget on Saturday, December 2nd