2026 budget faces challenges, says BudgIT
The organisation noted in a statement on Monday that, with revenue projected at N36.9 trillion and expenditure at N68.3 trillion, the country will contend with a fiscal deficit of N31.5 trillion this year, equivalent to 6.4 per cent of the gross domestic product. The post 2026 budget ambitious but unviable – BudgIT appeared first on Premium Times Nigeria .
BudgIT has highlighted concerns about the feasibility of the 2026 budget. The organization pointed out that projected revenue is N36.9 trillion, while spending is set at N68.3 trillion. This would result in a fiscal deficit of N31.5 trillion. The deficit is expected to be 6.4 per cent of the country's GDP. BudgIT's analysis raises questions about the budget's sustainability. The organization's statement was released on Monday. The findings have sparked discussions on economic planning. The report underscores the need for careful financial management.
The budget's viability is crucial for the nation's economic stability and development.
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