Economy

Debt service to revenue hits 183% in 2023 Q1 – FG

In the first quarter of 2023, the federal government’s debt service to revenue ratio increased to 183% according to data from the Budget Office. According to an examination of the budget office’s first-quarter 2023 implementation report, the total budgeted revenue was N2.16 trillion, compared to N1.21 trillion in actual income. Additionally, in the equivalent quarter […]