2020 Budget: N4.63t Debt Service And Deficit Okay, Say Reps - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
November 8, 2019
The Chairman of the House Committee on Finance,James Faleke, has said there is no need for consternation on the part ofNigerians over the 4.63 trillion naira earmarked for deficit budget financingand debt servicing, out of the proposed budget of 10.33 trillion naira for theyear 2020.
Faleke spoke in a chat at the National Assembly.
The 2020 budget is proposing 2.45 billion naira fordebt servicing and 2.18 billion naira as deficit. But the lawmaker said thereis no need for fear over the figure.
While speaking on the implementation of the budget,Faleke said the essence of having the budget to start from January to Decemberis for it to be properly implemented.
According to the lawmaker, a January to Decemberbudget circle will assist in revenue collection.