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Page 3 - நடுத்தர கால கடன் மேலாண்மை மூலோபாயம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The recurring debt question - Punch Newspapers

Punch Newspapers Sections Published 12 April 2021 Nigeria’s indebtedness to domestic and foreign creditors will remain topical for as long as our macroeconomic fundamentals continue to head south and remain negative. In a country with a massive need for infrastructure, steeped in poverty, reputed as the poverty capital of the world and where unemployment exceeds 33% of the population, ready and willing to work, the debt question will not go away.  This discourse reviews the law and policy environment as well as the critical challenges facing Nigeria with its huge indebtedness. Some fundamental assertions are imperative. The first is that every debtor is under obligation to repay their debts, no matter how long it takes. The second is that it is the height of infamy for a generation to borrow and mismanage the proceeds of borrowing and leave the debts because of their long-term nature to a future generation who did not in any way contribute to the mismanagement of the debts. Th

Nigeria s revenue challenges and the imperative of government borrowings - By:

Nigeria s revenue challenges and the imperative of government borrowings - By:
dailytrust.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytrust.com Daily Mail and Mail on Sunday newspapers.

Uganda debt exceeding limit - AG warns govt

Uganda debt exceeding limit - AG warns govt  Friday March 12 2021 Summary Projection “As government continues to support economic recovery through the provision of economic stimulus package to various sectors, debt is projected to increase further over the near term. I advised the PS/ST [Secretary to the Treasury] to devise a comprehensive strategy to align revenue mobilisation and fiscal policy management, as well as reducing/rationalising government expenditures,” Auditor General, John Muwanga Advertisement The Auditor General (AG), Mr John Muwanga, has warned that Uganda’s national debt has escalated and threaten to overshoot the limit. The AG cautioned that if government does not restrain its hunger for loans, the debt will be unsustainable and future governments will not be able to borrow. 

MPs agree to IMF conditions with new budget directives

THE STANDARD BUSINESS National Assembly s Committee on Budget and Appropriations chairperson Kanini Kega. [Kelvin Karani, Standard] Members of Parliament have agreed to some of the tough conditions set by the International Monetary Fund (IMF) including the scrapping of tax breaks and exemptions. In a report by the Budget and Appropriations Committee on the Budget Policy Statement for 2021-22 and the Medium Term Debt Management Strategy, the lawmakers also asked the National Treasury to expedite restructuring of highly indebted State corporations, a condition that had earlier been issued by the IMF for the country’s access to a Sh262 billion facility.

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