By Ola Kay
The Senate on Thursday passed the 2025 appropriation budget, after the upper chamber took review of key highlights of the bill, which outlines a total aggregate expenditure of N54.99 trillion.
The bill was passed after the upper chamber reviewed key highlights of the bill, which outlines a total aggregate expenditure of 54.99 trillion naira.
The 2025 budget breakdown includes significant allocations for recurrent spending, capital projects, and debt servicing, as well as a projected fiscal deficit.
Key Budget Allocations:
Total Expenditure: N54.99 trillion
Statutory Transfers: N3.65 trillion
Recurrent (non- debt) Expenditure: N13.64 trillion,
Capital Expenditure: N23.96 trillion
Debt Servicing: N14.32 trillion
Fiscal Deficit: N13.08 trillion and Deficit-to-GDP Ratio: 1.52%.
About The Author
