2022 Appropriation: FG will Borrow to Finance N6.258trn Budget Deficit, Says Minister

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FEC approves budget proposal By Deji Elumoye The federal government has disclosed that the N6.258 trillion budget deficit in the proposed 2022 Appropriation Bill will be financed through local and …

The federal government has disclosed that the N6.258 trillion budget deficit in the proposed 2022 Appropriation Bill will be financed through local and external loans.

On why the country needs to borrow despite outcry from different quarters, Mrs. Ahmed said the target to deliver many of the administration’s legacy projects would not be achievable without taking credit facilities, noting that the generated revenues are barely enough to meet recurrent expenditures. She said: “If we just depend on the revenues that we get, even though our revenues have increased, the operational expenditure of government, including salaries and other overheads, is barely covered or swallowed up by the revenue.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Then which money they want to use in helping south Sudan?

What in earnest has this continuous borrowing by FG brought to the table for common Nigerians. As a person I have no issues with the borrowing agenda but the inability to infuse into the economy for a worthwhile transformation. These crop of leaders must be questioned in time

I hope you won't borrow Nigerian heads

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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

FG to borrow more to finance N6.258trn 2022 budget deficit as FEC okays N16.39 trn proposal - Daily TrustThe Federal Government has revealed the plan to borrow more to finance the N6.258 trillion deficit in the proposed 2022 budget. The Minister of Finance, Just officially sell NIGERIA to any willing buyer that can improve our lots than to be borrowing meaninglessly and not showing what you are borrowing it for. Let's be slaves that will enjoy our slavery in peace. PandoraPapers in 2025 will reveal how our jobless politicians suddenly became millionaires.
مصدر: Daily Trust - 🏆 13. / 51 اقرأ أكثر »