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MEDIUM TERM EXPENDITURE FRAMEWORK
The Federal Government projects a sharp rise in personnel and pension costs in 2025, attributed to the implementation of the minimum wage hike.
The International Monetary Fund (IMF) has stated that Nigeria’s budget deficit would increase beyond the projected figure for 2024 due to implicit fuel and electricity subsidy payments and increased interest costs on debt.
Zainab Ahmed says the federal government’s 2023 budget proposal is N19.76 trillion, with a deficit of N11.3 trillion.
President Muhammadu Buhari has said that the Federal government's new economic plan incorporates aspects of the National Poverty...
The Nigerian Senate has called on all Federal Government funded Ministries, Departments and Agencies (MDAs) to remit 100%...
FG's plan to borrow as much as $11billion to fund next year's expenditure has been approved by the Senate.
Media reports quoted that the proposal for 2021 targets Non-debt recurrent expenditure of N5.75tn.
The additional N727 billion included into the N10.2 trillion MTEF proposal by the National Assembly has been approved by the FEC.
Federal Government, the allocation of the three tiers of government from the federation account would drop by N2.01 trillion.
@MBuhari has submitted the 2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the Senate.