Reps passes 2013 Budget Of N4.987tn

This represents a difference of N63 billion, the News Agency of Nigeria reports.
It is comprised of N387.9 billion for statutory transfers, N591.7 billion for debt services.
The 2013 Budget is also made up of N2.3 trillion as recurrent
non-debt expenditure, N1.6 trillion for contribution to the development fund for capital expenditure for the year ending Dec. 31, 2013.
All unutilised capital expenditure in the 2012 budget have been rolled over to form part of the 2013 Appropriation Act.
The Deputy Speaker, Mr. Emeka Ihedioha, who presided over the session, enjoined all standing committees of the House to carry out their oversight function in order to ensure full implementation of capital projects.
The spending plans assumed a $79 per barrel benchmark oil price as against the $75 submitted to the National Assembly by President Goodluck Jonathan.