Friday, 22 January 2016

FG: Budget deficit increases to N3tr

The 2016 budget deficit will now expand by N800 billion to N3trn, which will be 3 per cent of GDP, the Minister  of Finance, Mrs Kemi Adeosun has said.

In a presentation on the economy released yesterday, the minister said initially, the 2016 budget deficit estimated at 2.2trn or 2.16 per cent of GDP based on an estimated benchmark oil price of $38pb.

No comments:

Journalists Against Poverty Call for collaboration of regional government in the eradication of Female Genital Mutilation

Regional Coordinator of Journalist Against Poverty, Wale Elekolusi has called for the collaboration of regional government in stamping out ...