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2022 budget: FG to finance N5 62tr deficit with loans, privatisation fund

She said her ministry presented a memo to FEC with a 2022 projected revenue of N6.54tr and N2.62tr to accrue to the Federation Account. The minister said the budget deficit projected for 2022 is N5.62tr, up from N5.60tr in 2021. This amount represents 3.05 percent of the estimated GDP, which is slightly above the 3% threshold that is specified in the Fiscal Responsibility Act. “The deficit is going to be financed by new foreign borrowing and domestic borrowing, both domestic and foreign in the sum of N4.89tr; on privatisation proceeds of N90.73bn and drawdowns from existing project tied loans of N635bn.”

Ayade harps on food fortification at UN Food System Summit

Ayade harps on food fortification at UN Food System Summit
tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.

Osinbajo Leads Collaborations With UN To Improve Food Systems In Nigeria

Osinbajo Leads Collaborations With UN To Improve Food Systems In Nigeria
channelstv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelstv.com Daily Mail and Mail on Sunday newspapers.

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