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Senate Passes 2017 Budget Of N7.44 Trillion

Senate Passes 2017 Budget Of N7.44 Trillion
  • PublishedMay 11, 2017

The Senate has passed the 2017 Appropriation Bill total budget estimates rates of โ‚ฆ7,441,175,486,758.

In the budget passed by the National Assembly, the upper chamber raised the cost from N115bn in 2016 to N125bn.

Total personnel cost takes N23,789,787,880; total overhead cost, N85,878,619,888; and total capital cost, N14,940,196,063.

A breakdown of the estimates shows that the National Assembly gets N14.9bn; Senate, N31.3bn; House of Representatives, N49bn; National Assembly Service Commission, N2.4bn; legislative aides, N9.6bn; Public Accounts Committee (Senate), N118.9m; Public Accounts Committee (Reps), N142.7m; general services, N12.5bn; National Assembly Legislative Institute, N4.3bn; and service wide vote, N391.3bn