FG to borrow more to fund 2022 budget

The Federal Government has said it plans to borrow more to fund its budget for 2022, while it will spend more to service the growing debts as a result.

The Ministry of Finance, Budget and National Planning, the Debt Management Office and the Budget Office of the Federation gave the indication at a public hearing organised by the House of Representatives’ Committee on Finance in Abuja yesterday.

The committee had organised the stakeholders’ meeting on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper, with which the 2022 Appropriation Bill would be designed.

CC PUNCH

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