Deficit borrowing

2023: FG budgets N6.55trn for debt servicing, to fund N10trn deficit by borrowing

2023: FG budgets N6.55trn for debt servicing, to fund N10trn deficit by borrowing

By Biodun Busari Federal Government has earmarked N6.55 trillion for debt servicing in 2023 according to the Appropriation Bill passed by the National Assembly on Wednesday. The Senate and the House of Representatives in Abuja approved the N21.82 trillion budget as the aggregate expenditure of the fiscal year. The initial bill was N20.1 trillion but […]