Federal Government Records N643.09billion Fiscal Deficit in One Month

today08/22/2022 26

share close

The Federal Government’s fiscal deficit rose from N491.28billion in March to N643.09bn in April.

According to the Central Bank of Nigeria, the 14.3 percent increase in FGN retained revenue was offset by the 23.8 per cent rise in public spending, leading to an expansion of the fiscal deficit.

Provisional federally collected revenue rose by 66.3 percent relative to the level in March but fell short of the budget by 14.7 per cent.

Written by: Helen Obih

Rate it

Previous post

Sports News

Garcia and Coric Claim Historic Wins

France’s Caroline Garcia and Croatia’s Borna Coric claimed victories in the finals at the Western and Southern Open in Cincinnati. Garcia, became the first qualifier to win a WTA 1000 title with her 6-2 6-4 win against Petra Kvitova. In the men’s final, Coric, became the lowest-ranked player to claim a Masters Trophy.

today08/22/2022 8

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *

Our customer support team is here to answer your questions.
error: Alert: Content is protected !!