Reps Pass N4.49trn 2015 Appropriation Bill

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The House of Representatives, on Thursday, passed the 2015 Appropriation Bill of N4,493,363,957,158 trillion, made up of N2,607,132,491,708 trillion for recurrent expenditure and N701,415,465,449 billion for capital expenditure.

Also, N375.616 billion, embedded in the budget, was for statutory transfers to the National Judicial Council (N73bn); Niger Delta Development Commission (N46.72bn); Universal Basic Education

(N68.38bn); National Assembly (N120bn); Public Complaints Commission (N4bn); Independent National Electoral Commission (NN62bn) and the National Human Rights Commission (N1.516bn) while of N953. 620 billion is for debt service.

Out of the total amount appropriated for debt service, N894, 610 billion was allocated for the servicing of domestic debts and N59.010 billion for the servicing of foreign debts.

The highest sectorial allocation under the capital expenditure in the 2015 budget went to Defence with an allocation of N36.700 billion; followed by the Office of the National Security Adviser with N26. 499billion, Education with N23.520 billion and Health with an allocation of N22.676 billion.

Ministry of Works got (N19.812bn); Police (N17.8bn); Water Resources (N15.778bn); Federal Capital Territory Administration (N13.5bn); Office of the Secretary to the Government of the Federation (N9. 623bn); Agriculture and Rural Development (N8.752bn) Transport (N8.3bn) and the Aviation sector with N5.840billion.

Under the supplementary expenditure, outstanding commitments on 2014 constituency projects and special intervention/constituency projects received an allocation of N50 billion each respectively, while conditional grants and social safety nets (MDGs) had an allocation of N35.284 billion; sinking fund for infrastructural development (N20bn); just as special intervention (MDGs 1 and 2) had an allocation of N15.378bn and N15.018 billion respectively.

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