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DEFICIT BUDGET
Over the years, the Federal Government has struggled to finance its budget mainly due to low revenue, which is susceptible to oil price volatilities.
FG intends financing the N5.36 trillion budget deficit through domestic, foreign loans and proceeds from privatisations.
Mr. Bode Agusto has weighed in on the tax evasion and default in payment, according to him, 200,000 wealthy Nigerians are the biggest tax evaders in the country.
The Federal Government (FG) ran a deficit budget of N1.14 trillion in Q4 2019 compared to the N479.62 billion recorded in Q3 of 2019.