November 4, 2022

[GIST] FG plans supplementary budget over rising inflation, depreciation

[GIST] FG plans supplementary budget over rising inflation, depreciation

Punch Newspapers - Latest News https://bit.ly/3JsbvM2

The Federal Government may present a supplementary budget to the National Assembly due to a further depreciation of the naira and galloping inflation that have made the 2023 budget nearly unrealistic. The 2023 budget benchmarks the foreign exchange at N435/dollar and inflation at 17.10 per cent but the severe scarcity of dollars means that the


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