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On Friday, Major General Muhammadu Buhari (ret.) the president gave a joint session of the National Assembly a budget proposal for the 2023 fiscal year totaling N20.51 trillion.
The budget is nearly N750 billion more than the N19.76 trillion originally suggested in the Fiscal Strategy Paper and Medium Term Expenditure Framework for 2023–2025.
The 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper, which the President had earlier delivered to the National Assembly, was approved by the House of Representatives on Thursday before the Federal Government’s budget was announced.
The discussion of the committee’s report was followed by the passing.
The House approved a total FGN expenditure of N19.76 trillion, which included N8.53 trillion in total recurrent (non-debt) expenses, N827.8 trillion in personnel costs (MDAs), N3.96 trillion in capital expenses (exclusive of transfers), N350 trillion in special intervention (recurrent), and N7 trillion in special intervention (capital).
On Friday, Major General Muhammadu Buhari (ret.) the president gave a joint session of the National Assembly a budget proposal for the 2023 fiscal year totaling N20.51 trillion.
The budget is nearly N750 billion more than the N19.76 trillion originally suggested in the Fiscal Strategy Paper and Medium Term Expenditure Framework for 2023–2025.
The 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy was approved by the House of Representatives on Thursday, ahead of the presentation of the Federal Government budget.
The discussion of the committee’s report was followed by the passing.
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The House approved a total FGN expenditure of N19.76 trillion, which included N8.53 trillion in total recurrent (non-debt) expenses, N827.8 trillion in personnel costs (MDAs), N3.96 trillion in capital expenses (exclusive of transfers), N350 trillion in special intervention (recurrent), and N7 trillion in special intervention (capital).
