Browsing Tag

budget deficit

2019 Budget: Senate stops Buhari from borrowing additional N220 billion

Samuel Oduoye Apr 10, 2019 0

The Senate has reduced federal government’s proposed debt for 2019 by N220 billion. The President Buhari administration had proposed N1.86 trillion as budget deficit but it was reduced to N1.64 trillion. The lawmakers decided to…

Government

Federal Government recorded N889.61 fiscal deficit in 2018, CBN reveals

Samuel Oduoye Jan 13, 2019 0

Figures from the Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a fiscal deficit of N889.61bn in its operations between January and September of last year. The 2018 budget which was signed by President…

Business

SEC Lists Effect Of TSA Implementation On Funding Budget Deficits

Business Editor Mar 5, 2016 0

The Securities and Exchange Commission (SEC) says the Federal Government’s Treasury Single Account (TSA) implementation was affecting its ways of generating income through investment of savings to fund budget deficits. The commission…

Business

Budget Deficit: FG Will Only Borrow From Lowest Cost Debt Providers – Adeosun

John Ogunsemore Mar 4, 2016 0

The Minister of Finance, Mrs Kemi Adeosun, said the Federal Government would only borrow from the lowest cost debt providers to fund the deficit in the 2016 budget. Adeosun said this on Thursday in Abuja while addressing the Senate…