2025 Budget: N13trn deficit to be financed through borrowing – Finance minister

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 44 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 78%

News Berita

Nigeria,Budget,Deficit

Nigeria's Finance Minister presents the proposed 2025 budget, highlighting a projected deficit of N13.13 trillion, which will be covered by borrowing. The budget is based on a benchmark oil price of $75 per barrel, oil production of 2.06 million barrels per day, and an exchange rate of ₦1,400 to the dollar.

Despite UNICEF’s endorsement, Nigeria’s only open defecation-free state struggles with human faecesBeneath the Surface: The Dark World of Illicit Tin Mining in PlateauNigerian lawmakers violate country’s law, ignore PWD’s needs despite spending N42 billion on renovationsNigeria’s civil service commissions, the “Katsina Declaration” and its reform implications, By Tunji OlaopaThe new spirit of Africa: Ethiopian Airlines rules Africa’s skies, By Yusuf BanguraDespite UNICEF’s endorsement,...

It also projects total revenue at ₦34.82 trillion, while total expenditure is estimated at ₦47.96 trillion—an increase of 36.8 per cent from the 2024 estimate. It is, therefore, uncertain if Nigeria will maintain the January-to-December budget cycle that the previous federal administration introduced five years ago. This is because the lawmakers are expected to close for the year to celebrate Christmas and New Year festivities by the end of this week.PREMIUM TIMES will bring you live updates of the budget presentation from the National Assembly. Also, follow us on Facebook, YouTube, and X.

At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 3. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama