ABUJA, Dec 5 (Reuters) - Nigeria's Senate on Thursday passed
a record 10.59 trillion naira ($34.72 billion) budget for 2020,
paving the way for a likely return to the international debt
market next year as the country struggles to shake off the
impact of a recession.
The budget for Africa's biggest economy passed by
parliament's upper house assumes a deficit of 1.52% of the
estimated gross domestic product - representing around 2.18
trillion naira - to be financed through foreign and domestic
borrowing.