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FG omitted N8.8trn spending worth 2% of GDP from recent budgets — IMF
The International Monetary Fund (IMF) has disclosed that the Federal Government (FG) failed to capture public expenditure equivalent to about two per cent of Nigeria’s Gross Domestic Product (GDP) in recent national budgets, creating a mismatch between the country’s reported fiscal deficit and its actual financing needs.
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vanguardngr.com
IMF raises concerns over unrecorded spending in Nigeria’s recent fiscal accounts
The IMF's Resident Representative in Nigeria, Christian Ebeke, disclosed this on Wednesday during a meeting with business executives in Lagos.
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punchng.com
IMF flags fiscal gap in Nigeria’s budgets
The IMF reveals Nigeria's budgets hide a 2% GDP fiscal gap due to unrecorded spending, urging transparency and legislative reforms to address the issue.
