The National Assembly on Wednesday passed the 2023 Appropriation Bill of N21.83 trillion.
There was an increase of N1.32 trillion in the passed bill as against the N20.51 trillion budget proposal of President Muhammadu Buhari.
A breakdown of the budget indicates an allocation of N967.5 billion for statutory transfers, N6.6 trillion for debt servicing, N8.3 trillion for recurrent expenditure, and N5.9 trillion for capital expenditure.
FirstNews reported that the National Assembly, also on Wednesday, passed the 2022 supplementary budget of N819.5 billion.
The lawmakers explained that the amendment of the 2022 Appropriation Bill was to ensure the implementation of the key capital project in the Act which has not been funded as at this time.