Tag: Budget Deficit
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Nigeria’s budget deficit hits N4.5 trillion – DMO
Nigeria’s budget deficit has risen from N1.847 trillion to N4.563 trillion, it was learnt on Monday. The deficit figure captured in the original 2020 budget before its downward review was N1.847 trillion. It has gone up N4.563 trillion in the revised appropriation now awaiting National Assembly consideration and approval. The Director-General of the Debt Management…
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BPE Begs FG to Sell Public Assets to Clear N2.28trn Budget Deficit
In order to fund the proposed N10.33 trillion 2020 budget, the Bureau of Public Enterprises (BPE) has called on the federal government to privatize government owned enterprises to settle the N2.28 trillion budget deficit. This stance was made known by the Director-General of the BPE, Mr Alex Okoh, at an interactive forum with the Senate…
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IMF to grant Zambia $1.3bn to plug budget deficit
The International Monetary Fund (IMF) may grant Zambia up to 1.3 billion dollar to help plug a budget deficit of around 7 per cent, the lender’s mission chief said on Saturday. Tsidi Tsikata told a joint news conference with the Zambian Finance Ministry in Lusaka that a decision would be made by the IMF board…