The Senate at a special plenary has passed the 2021 budget totalling N 13 . 5 trn .
The fiscal document is predicated on oil benchmark $ 40 per barrel , N3 . 324 trn for debt servicing , N4 . 1 trn for capital expenditure , N5 . 6 trillion for recurrent , N496 bn for statutory transfer .
It has an increment of N505 bn.
The President , Major General Muhammadu Buhari ( retd . ), presented N13 . 082 trn to National Assembly on October 8 .