FG proposes to spend N2.26tn on debt servicing

The Federal Government has proposed to spend a total of N2.26tn on debt servicing in the 2019 fiscal year, this was contained in the detailed budget proposal which was obtained by our correspondent in Abuja. The proposal for debt servicing is more than 25 per cent of the N8.83tn which the Federal Government proposed for 2019. The government had proposed to spend N2.01tn on debt servicing in 2018. This means that the proposal for debt servicing in 2019 is 12.44 per cent higher than what was proposed for the same purpose in 2018. -Punch Read More