The Fiscal Responsibility Commission (FRC) has revealed that it has issued a template and guideline on requirements before lending to state governments as part of efforts to check indiscriminate borrowing. Head, Directorate of Legal, Investigation and Enforcement at the FRC, Barr. Charles Abana, made this known in Abuja at the Growth Initiative for Fiscal Transparency…
FRC urges FG to restructure N87 38trn debt – The Sun Nigeria sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.
FG moves to check excessive borrowing by states vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
The Fiscal Responsibility Commission has advised the federal government to restructure its debts and limit the expenditures of ministries, departments, and
Speaking on he 2024-2026 Medium Term Expenditure Framework, MTEF, Abana noted that “the country’s fiscal deficit (including project tied loans) as a percentage of GDP will keep increasing over the medium term from 3.83 percent, 3.89 percent and 3.92 percent respectively of the projected GDP.