|« Nigeria: To Return To Aburi Accord, Resurrect Dead Biafrans Killed In The Genocide First.||In Defence of Okada Riders »|
*Limiting The Fiscal Deficit: A Clarification of The Coordinating Minister's Comments Before The Senate Committee On Appropriation
In some recent newspaper reports, the Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala was quoted as stating before the Senate Committee on Appropriation that the Federal Government plans to cut the 2012 budget by N370 billion.
Such reports are not accurate.
The minister did not cite the amount published. What she did say is that in its efforts to meet the challenge of financing the remaining portion of the fiscal deficit of over N300 billion, government is adopting a combination of strategies.
These strategies include the reduction in government expenditure particularly overheads and a more aggressive push on revenue generation.
In discussing the fiscal deficit, Dr Okonjo-Iweala also made it clear that there is an urgent need to take action in order to reduce the cost of governance and improve the overall health of the economy.
Paul C Nwabuikwu
Senior Special Assistant to the Coordinating Minister for the Economy and Minister of Finance
Photo Above: Nigeria Finance Minister Ngozi Okonjo-Iweala
This post has 6 feedbacks awaiting moderation...
*HOW TO USE NIGERIA MASTERWEB DAILY NEWS BLOG:
(1). To Post Articles:- Click on "Log in" above on the top left hand side of this page, then click on "Register" to set up an account to enable you post articles. Enter required fields including Username, Password and Email Address. You will be required to validate your email. Your membership will be approved 2 to 24 hours after your validation. Thereafter, go to the blog, click on "Log in" and log in and click on "Write" to post articles. *Returning members - click on "Log in" and log in and click on "Write" to post articles. It takes beteween 24 to 72 hours for posted articles to be released by moderators. ( Please note that only news articles can be published here. Unconfirmed reports and controversial articles are not allowed and will not be approved. )
(2). If you do not include your full name in posted articles, they will not be approved and will not be published.
(3). To Read Posted Articles/Blogs:- Just click on any of the "Categories" or "Sub-Categories" below