Recurrent expenditure of the Federal Government will gulp two point nine trillion naira, while two point one trillion naira will take care of capital expenditure.
Further breakdown of the budget shows that four hundred and thirty four point four billion naira is for statutory transfers, while debt servicing will gulp one point eight trillion naira.
Our correspondent JAMES IGAH reports that both the Senate and the House of Representatives passed the harmonised ?budget simultaneously.
Before the debate leading to the passage of the Budget yesterday, the Senators spent several hours in a closed-door executive session, apparently to harmonise positions.
Speaking during a Committee of the Whole; the Senate Minority Leader, GODSWILL AKPABIO commended the Senate for doing a thorough job on the budget.
Senator AKPABIO stressed the need for full implementation of the Budget by the Executive Arm of government.
On his part; Senator DINO MELAYE of the APC for Kogi West, also commended the National Assembly for making details of its budget public as captured in the Budget Report.
The passage of the budget comes five months after President MUHAMMADU BUHARI presented the 2017 Appropriation Bill of seven point two trillion naira before a joint session of the National Assembly last December.
