Nigeria‘s budget deficit is set to fall to 1.85 percent of gross domestic product in 2013, the director general of the budget office said on Thursday. Last year’s budget predicted a 2012 deficit of 2.97 percent of GDP. Nigerian President Goodluck Jonathan approved a 4.99 trillion naira budget last month […]
Tag: deficit
Huge trade deficit would be problem for Japan-finmin
Finance Minister Taro Aso said on Thursday it would be a problem if Japan continues to run a huge trade deficit due to rising energy costs. Japan is now importing more oil and gas to make up for energy shortfalls after the shutdown of nuclear power plants due to the […]
Nigeria 2013 budget deficit to fall to 2.17 pct: president
Nigerian President Goodluck Jonathan presented the country’s 2013 budget to parliament on Wednesday, saying the budget deficit would fall to 2.17 percent of gross domestic productin 2013, down from 2.85 percent in 2012. He urged parliament to accept a tighter budget because of ongoing uncertainty over oil prices. Oil makes […]
