Budget deficit increases to Rs8.54tr
Cuts external loan estimates by over $6 billion to $11.4 billion
Source: tribune.com.pk
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Queen Creek to consider approving financing for $84M infrastructure improvements
Queen Creek is obligated to build $84 million worth of infrastructure improvements new the future LG batter factory. Here's how it will pay for it.
Source: yahoo.com
Senate approves $6.1bn External Loan request by Buhari
The Senate on Wednesday approved a loan request of $6.1 billion by President Muhammadu Buhari. The $6.1 billion which is about N2.343trillion was approved following the consideration of the report of the Senate Committee on Local and Foreign Debts at plenary. Chairman of the committee, Senator Clifford Ordia, presented the report. President Buhari had in May, asked the National Assembly to consider and approve the loan. The loan, he said, will be raised from multilateral and bilateral lenders a...
Source: theadvocatengr.com
N'Assembly Increases Extra Budget By N86.9bn to N982.729bn
By Deji Elumoye and Udora Orizu The National Assembly yesterday raised the N895.842 billion supplementary budget proposal for the 2021 fiscal year submitted to its two chambers, the Senate and the House of Representatives, by President Muhammadu Buhari by N87.9 billion and approved N982.729 billion. The Senate also approved the federal government’s request for $6.183 billion (N2.343 trillion) as external borrowing in 2021 Appropriation Act. Nonetheless, the federal government has intensified ...
Source: thisdaylive.com