PHOTOS: Tinubu Presents N27.5trn Budget Estimates, N8.25trn Debt Servicing
President Bola Ahmed Tinubu formally presented a budget of N27.5 trillion for the 2024 fiscal year to the joint session of the National Assembly on Wednesday.
The newly adopted parameters in the budget estimates showed that N9.92 trillion is allocated for non-debt recurrent expenditure, while debt service is projected to be N8.25 trillion, and capital expenditure is N8.7 trillion, respectively.
Addressing the Senators and members of the House of Representatives, President Tinubu announced his administration’s resolve to adopt the “revised 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP)” as the parameters for the 2024 budget, yet to be presented to the National Assembly.
