A joint session of the National Assembly will meet in Abuja on Friday (today), and the President, Major General Muhammadu Buhari (ret. ), will present the 2023 Appropriations Bill.
The 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper, which the President had earlier given to the National Assembly, was approved by the House of Representatives on Thursday before the presentation of the Federal Government’s budget.
The Committee of Supply’s discussion on the Committee of Finance’s report on the MTEF/FSP was followed by the passing.
The House approved a total FGN expenditure of N19.76 trillion, made up of total recurrent (non-debt) spending of N8.53 trillion, personnel costs (MDAs), N827.8 trillion, capital expenditure, N3.96 trillion, special intervention (recurrent), N350 trillion, and special intervention (capital), N7 trillion.
It also sanctioned borrowing N8.4 trillion and debt service payments of N6.3 trillion.
- Tags: #budget, #debtservice, #FG, #reps
