Tag: #FiscalResponsibility
-
NIGERIAN SENATE APPROVES PRESIDENT TINUBU’S N1.15 TRILLION DOMESTIC LOAN FOR 2025 BUDGET DEFICIT
The Nigerian Senate on Wednesday greenlit President Bola Tinubu’s request to borrow N1.15 trillion from the domestic debt market to finance the deficit in the 2025 budget. This approval came after the Senate Committee on Local and Foreign Debts, led by Vice Chairman Sen. Manu Haruna, presented a detailed report outlining the need for the…
-
GLOBAL PUBLIC DEBT TO SURPASS 100% OF GDP BY 2029, SAYS IMF
The International Monetary Fund (IMF) warns that global public debt is set to rise above 100% of the world’s Gross Domestic Product by 2029, the highest since 1948. Vitor Gaspar, IMF’s Fiscal Affairs Director, says this growing debt risk demands urgent and consistent action from policymakers to keep debt in check and avoid financial turmoil.…
