Tag: deficit
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FG records N5.33tn deficit in 8 months
The Federal Government incurred a deficit of N5.33 trillion between January and August of 2022, amounting to a deficit of N5.33 trillion for the period, which is N430.82 billion more than the prorate threshold. From January to August 2022, the government spent N9.56 trillion out of the pro rata N11.55 trillion budgeted for the period.…