Fgs Deficit Hits N12.95tr, Exceeds Budgeted Target By 41
But revenue grew 34.8 to N8.6trn
The Federal GovernmentFG recorded a N12.95 trillion budget deficit in 2024.
This represents a 41 percent increase from its N9.16 trillion budgeted deficit for the review period.
Details of data from the Central Bank of Nigeria, CBN, Quarterly Economic Reports for 2024 showed that the deficit increased by 0.77 percent Year-on-Year YoY compared to N12.85 trillion recorded in 2023.
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