Nigerian Senate has on Monday passed the 2021 budget totalling N13.5trn.
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 while N496 bn was earmarked for statutory transfer.
The budget has an increment of N505bn over the amount president Buhari presented to both chambers on the floor of the National Assembly.
Recall that President Buhari presented a N13.082trn budget to National Assembly on October 8.
The Senate at the time promised to pass the budget before the end of the year.