Senate Defends N25.91trn Budget Deficit, Says Borrowing Needed to Fund 2026 Budget
The Senate has defended the Federal Government’s N25.91 trillion budget deficit for the 2026 fiscal year, insisting that borrowing remains necessary to fund the proposed N58.47 trillion Appropriation Bill amid persistent revenue shortfalls. Chairman of the Senate Committee on Appropriations, Senator Solomon Adeola, said attention should be placed on how deficits are financed and effectively […]
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