BEVERLY HILLS, December 13, (THEWILL) – The National Assembly has transmitted the 2020 Appropriation Bill to President Muhammadu Buhari for assent, the Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Umar el-Yakub disclosed.
El-Yakub confirmed this noting that the President, who is expected back in the country on Friday, will carefully cross-check it before the Bill is signed.
“And I am sure you know that the President will take his time to look at it all through before assent,” he said.
The Chairman of the Senate Committee on Appropriation, Senator Barau Jibrin had earlier this week, hinted that the National Assembly was ready to transmit the Bill to Buhari, adding that it can be signed any time this week.
In the 2020 budget, the total sum of the government’s expenditure was put at N10,594,362,364,830, the parliament raised statutory transfers from the proposed N556.7 billion to N560,470,827,235; raised debt service from N2.45 trillion to N2,725,498,930,000; reduced recurrent (non-debt) expenditure from N4.88 trillion to N4,842,974,600,640; and increased development fund for capital expenditure from N2.14 trillion to N2,465,418,006,955.
As part of the N264 billion increment, the National Assembly raised its own budget from N125 billion to N128 billion.
