Steer clear of more borrowing, DMO cautions FG 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 Debt Management Office (DMO), has warned the Federal Government against embarking on more borrowing, noting that 73.5 per cent of revenue generated this year will be used to service debt.
June 22, (THEWILL) - The Debt Management Office (DMO), has cautioned the Federal Government against more borrowing. Noting that the projected FGN Debt Service to Revenue ratio of 73.5 percent for 2023 is high, the office warned that additional borrowing would be a threat to debt sustainability. Stressing that attaining a sustainable Debt Service-to-Revenue ratio