Tuesday 23 July 2024
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leadership - 13 days ago

Federal Govt Spends N7.7trn On Debt Servicing In 2023

The federal government’s 64.5 per cent of its total revenue in 2023 servicing debts, analysis of data from the Budget Office has shown. Actual debt service cost was N7.66 trillion in 2023, a 16.9 per cent rise from the projected N6.56 trillion. Last year’s figure is higher than the 48.5 per cent of total revenue [ ]


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