4.3 C
New York
Saturday, August 13, 2022
HomeNewsEconomyFG Projects N10.7trn Revenue Target For 2022

FG Projects N10.7trn Revenue Target For 2022

The Federal Government has projected a revenue target of N10.7trillion for the 2022 fiscal year.

The Minister of Finance, Zainab Ahmed disclosed this on Tuesday at the public presentation and breakdown of the 2022 Appropriation Bill in Abuja.

She said the figure is 32 percent higher than the N8.1trillion projected in 2021.

Debt servicing according to the bill is expected to gulp N3.6trillion.

She further explained that the 2022 budget has a deficit of N6.3trillion and will be financed from domestic, foreign, multi-lateral loans and proceed from privitisation.

Advertisements

A total of N2.5 trillion is expected from domestic sources and N2.5trillion from foreign sources.

Also, N1.1 trillion will be from bilateral loans and N90 billion from privatisation proceeds.

Advertisements

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Onuegbu Chuks Theophilus on Mikel Obi quits Super Eagles
Thomas H. Anderson on Roman Goddess_3
Oladimeji Emmanuel on Obama sends investors to Buhari