News Formal

Can domestic savings cover the country’s increasing investment needs? - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

In the second quarter of 2022, the country’s savings rate — gross domestic savings as share of gross domestic product — reached 13.7% (P685 billion) while investment rate stood at 27.7% of GDP (P1.383 trillion), resulting in a P699 billion deficit. READ:

An S-I deficit happens when a country’s investment expenditures exceed its savings, leading it to borrow to fund the gap.

In the second quarter of 2022, the country’s savings rate — gross domestic savings as share of gross domestic product — reached 13.7% while investment rate stood at 27.7% of GDP , resulting in a P699 billion deficit. This was the widest gap in 10 quarters or since the P747-billion deficit in the final three months of 2019.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Future borrowing will finance this gap.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How GCash is making 'finance for all' possibleWhat does “finance for all” mean? This means making even the traditional banking services available even to the unbanked, no matter where they are in the Philippines. BrandRap
Source: rapplerdotcom - 🏆 4. / 86 Read more »