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FG records N3.05tn fiscal deficit in eight months

Published by Punch on Sun, 10 Nov 2019


Ifeanyi Onuba the Federal Government recorded a fiscal deficit of N3.05tn in its operations between January and August this year, figures obtained from the Central Bank of Nigeria have shown. The 2019 budget signed by President Muhammadu Buhari had capital expenditure of N2.09tn, recurrent expenditure of N4.05tn, statutory transfers of N502bn, and special intervention of
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