Increasing spending: FG’s three-year deficit hits N15.4tn amid revenue crisis

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Increasing spending: FG’s three-year deficit hits N15.4tn amid revenue crisis

« on: September 03, 2021, 07:07:56 am »

Increasing spending: FG’s three-year deficit hits N15.4tn amid revenue crisis

Within a three-year period covering July 2018 to June 2021, the Federal Government recorded a fiscal deficit of N15.35tn, statistics obtained from the Budget Office of the Federation have shown. A fiscal deficit is a shortfall in a government’s income compared with its spending. The government that has a fiscal deficit is spending beyond its…

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Source: Increasing spending: FG’s three-year deficit hits N15.4tn amid revenue crisis

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