The 2021 budget totalling N13.5trn has been passed into law at the upper chamber of the national assembly during a special plenary on Monday, December 21.
The budget which has an increment of N505bn is predicated on oil benchmark $40 per barrel, N3.324trn for debt servicing.
The fiscal document also predicted N4.1trn for capital expenditure, N5.6 trillion for recurrent, N496 bn for statutory transfer.
A budget of N13.082trn was earlier presented to the National Assembly on October 8 by president Muhammadu Buhari.
But in the approved version, the lawmakers increased the budget by about five hundred billion naira.
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