2026 budget ambitious but unviable - BudgIT
Nigeria, June 15 -- Civic tech organisation BudgIT has raised concerns about the Nigerian Government's 2026 budget, calling it "ambitious, but unrealistic" and unviable.
The organisation noted in a statement on Monday that, with revenue projected at N36.9 trillion and expenditure at N68.3 trillion, the country will contend with a fiscal deficit of N31.5 trillion this year, equivalent to 6.4 per cent of the gross domestic product.
That is more than twice the 3 per cent limit permitted by the Fiscal Responsibility Act.
"In practical terms, the government can only finance 53.9 per cent of its budget from actual revenues, leaving 46.1 per cent dependent on borrowing and loans," it said.
"One can reasonably infer a structural fiscal imbala...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.