Federal Government To Spend N2.45tr In 2020 - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
September 26, 2019
The Medium Term ExpenditureFramework and Fiscal Strategy Paper, MTEF/FSP document submitted to theNational Assembly showed that the Federal Government plans to spend about twopoint four trillion naira of its over ten trillion naira 2020 budget estimateson debt servicing.
The MTEF/FSP document also indicatedthat the Federal Government has also adjusted the 2020 budget figures from ninepoint seven trillion to over ten trillion naira.
The document was accompanied by aletter from President Muhammadu Buhari to the Senate which was read duringplenary by Senate President Ahmad Lawan.
Also the Federal Government is toborrow one point seven trillion naira. And of the amount, eight hundred andfifty billion naira will be domestic borrowing while the balance of eighthundred and fifty billion naira will be foreign.