Nigerians seek relief as states get N3.3tn allocations
Statutory allocations from the Federal Account Allocation Committee to the 36 states and 774 local government areas from July to December 2023, increased to N3.34tn.
Source: punchng.com
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13 states plan fresh N2.3tn borrowing
Thirteen states plan to borrow or get aid assistance of N2.31tn in 2024 to fund their budget deficits, a breakdown of their 2024 proposed budget has shown.
Source: punchng.com
32 states budget N14tn for roads, health, others
This came as about 29 of these states earmarked N5.26tn of their total budgets for recurrent expenditures such as payment of salaries, trips, and others in 2024.
Source: punchng.com
NG debt-to-GDP ratio improves | The Manila Times
The national government (NG) debt-to-GDP ratio — a measure of debt sustainability — improved to 60.2 percent from 61.0 percent, the Bureau of Treasury said on Thursday.
Source: manilatimes.net
Better debt-to-GDP ratio seen by end-2023 | Jasper Y. Arcalas
THE national government could end the year with a debt-to-GDP ratio lower than its 61.4 percent target as its outstanding debt in relation to economic output eased to 60.2 percent in the third quarter, the Bureau of the Treasury (BTr) said. In a report, the BTr said the country’s debt-to-GDP…
Source: businessmirror.com.ph