deficit

FG deficit rises 17% to N4.45trn in 10mths

FG deficit rises 17% to N4.45trn in 10mths

• As revenue decline by 6.5%, expenditure by 6.0%   By Babajide Komolafe The Federal Government (FG) recorded N4.45 trillion deficit spendingin ten months to October 2020, up by 17 percent, year-on-year (y/y), against N3.8 trillion recorded in the corresponding period of 2019. The sharp increase in deficit was driven by the decline in revenue which worsened […]