Views: Visits 13
The Senate, yesterday, passed the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The passage followed consideration of the harmonised conference report of the joint committee of both chambers of the National Assembly.
Chairman, Senate Committee on Finance, Olamilekan Adeola, said the panel recommended crude oil production of 1.86bmpd at $40 per barrel, exchange rate of N379/$ as well as a Gross Domestic (GDP) growth rate of three per cent, inflation growth of 11.95 per cent and retention of Federal Government revenue at N7.99 trillion.
Besides, government’s expenditure was pegged at N13.58 trillion, fiscal deficit at N5.60 trillion, new borrowings got N4.28 trillion, statutory transfers have N484.4 billion, N3.12 trillion for debt servicing, sinking fund has N220 billion, pension, gratuities and retirees’ benefits account for N520.6 billion, just as expenditure totalled N13.58 trillion and N5.66 trillion goes fo
Senate Confirms HYPADEC Board
lawyard.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawyard.ng Daily Mail and Mail on Sunday newspapers.
Senate confirms HYPADEC board - The Nation Nigeria
thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.