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Punch Newspapers punchng.com 04 Aug, 2022 01:00 am

Nigeria’s budget deficit hits N30.58tn in seven years

Nigeria’s budget deficit hits N30.58tn in seven years
Budget deficit has risen to at least N30.58tn in the last seven years.

) 4th August 2022 Budget deficit has risen to at least N30.According to Investopedia, a budget deficit occurs when expenses exceed revenue.“This amount will be retired and therefore not considered as new borrowing outside the borrowing approved to finance the budget deficit.Related News Buhari signs reviewed 2022 budget National Assembly to pass Buhari’s revised 2022 fiscal framework today 2022 budget deficit jumps to N7.

The implication of this is that we are likely going to have stunted growth.Stunted growth in the sense that we are not likely going to have an increase in the total values of goods and services that are produced in the country.

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