Amid Fiscal Challenges, Nigeria to Spend 22% of 2022 Budget on Debt Servicing
Details in the final copy of the 2022 budget of the country have shown that over 22 per cent will be spent on debt servicing.
Tag
.webp)
2022 Budget: 18.45% of the Deficit Funding is for Projects Across Different Ministries
Of the N6.26 trillion deficit funding of the proposed 2022 budget, that is the amount of the total budget funded by multi and bilateral loans, N1.155 trillion is directly tied to projects. This sum makes up 18.45% of the total deficit of N6.26 trillion, as presented for the 2022 fiscal year.