NASS receives 2018 budget, jerks amount to N9.120trillion.

NASS receives 2018 budget, jerks amount to N9.120trillion.

- in News

The National Assembly has Tuesday at plenary received the initial 2018 supplementary budget, and has used its volition to jerked the said budget to a whooping sum of N9,120,334,988,225.
According to the budget document, N530,421,368,624 was proposed for statutory transfer; N2,869,600,351,825 for development fund for capital expenditure; N3,516,477,902,077 for recurrent (non debt) expenditure while N2,203,835,365,699 is for debt service; and N199b for sinking fund for maturing loans.
The jerk in the budget was principally done by the House of Representatives in consonant by the Senate.
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