THE Senate, yesterday, passed the 2014 Appropriation Bill of N4,695,190,000,000 into law and advised the executive to implement the budget as passed.
Out of the total budget passed for the 2014 fiscal year, which is N52,230 billion higher than the initial amount of N4,642,960,000,000 proposed by President Goodluck Jonathan, N2,454,887,566,702 was for recurrent expenditure, N1,119,614,631,407 for capital expenditure, N408,687,801,891 for statutory transfer and N712 billion for debt service.
Also in the budget is N268,370 billion, which is for the Subsidy Reinvestment Programme, SURE-P, a component of the budget, which did not form part of the aggregate budget figure of N4,642,960,000,000 as proposed by the executive, which was however captured in the final compilation of the Bill.
