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FG targets N900bn for petrol subsidy in 2022


The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, stated this on Thursday at the 2022-2024 Medium Term Expenditure Framework /Fiscal Strategy Paper (MTEF/FSP) public presentation, adding that the projected budget will have a deficit of 3.05 percent.
“The total budget size will be 11.907tr but when you add the government owned enterprises, it moves to N13.91tr. This is compared to the N13.58tr for 2021. Then in 2023 the budget size moves to N15.45tr and N16.77tr in 2024. For 2022 we will have a fiscal deficit that is 3.05%. This is just 0.5% higher than what is in the Fiscal Responsibility Act. It is also an improvement on the 3.93% that is in the 2021 appropriation,” she stated. ....

Zainab Ahmed , Ben Akabueze , National Assembly , National Planning , Term Expenditure Framework , Fiscal Strategy Paper , Fiscal Responsibility , Premium Motor Spirit , தேசிய சட்டசபை , தேசிய திட்டமிடல் , கால செலவு கட்டமைப்பு , நிதி மூலோபாயம் காகிதம் , நிதி பொறுப்பு , ப்ரீமியம் மோட்டார் ஆவி ,