Tag: Borrowing
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UK set to undershoot towering COVID-19 borrowing forecast
Britain’s record-breaking borrowing to pay for the coronavirus crisis is likely to be a little lower than forecast. This is after data published on Friday showed the budget deficit grew by less than expected in the first two months of 2021. The government borrowed £19.1 billion ($26.6 billion) last month, a record for February but…
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Centre Justifies Buhari’s Borrowing For Infrastructural Development
President Muhammadu Buhari administration’s borrowing to fund infrastructure has been justified by the Centre for Audit Systems, Due process and Media Law ECOSTES University, Benin Republic. To this end, the Debt Management Office has been nominated for award of excellence in due process and accountability by the organisation. In a letter of nomination signed by…