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Nairaland Forum / Nairaland / General / Politics / FG To Borrow N633bn To Fund 2013 Deficit (3806 Views)
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FG To Borrow N633bn To Fund 2013 Deficit by semid4lyfe(m): 9:43am On Jul 17, 2012 |
http://www.punchng.com/business/business-economy/fg-to-borrow-n633bn-to-fund-2013-deficit/ |
Re: FG To Borrow N633bn To Fund 2013 Deficit by DAY12(m): 2:14pm On Jul 17, 2012 |
Great Move! |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:14pm On Jul 17, 2012 |
Great Move!! |
Re: FG To Borrow N633bn To Fund 2013 Deficit by ziccoit: 2:17pm On Jul 17, 2012 |
Where hasn't this government broken the record? Let GEJ put for sale tag on every Nigerians and sell them into slavery to finance his numerous useless projects. May be we are going to think right afterwards. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Demdem(m): 2:17pm On Jul 17, 2012 |
Bakare had earlier warned us that the Retardeen is determined to Bankrupt Nigeria. Time will tell. 2 Likes |
Re: FG To Borrow N633bn To Fund 2013 Deficit by brownlord: 2:18pm On Jul 17, 2012 |
I just sitdown dey look, make I use my domestic garri sama my foreign colicoli jare |
Re: FG To Borrow N633bn To Fund 2013 Deficit by GAR3TH(m): 2:18pm On Jul 17, 2012 |
They do realize that they can raise that money by cutting unnecessary overhead cost in government. For god sake 72% of the N4.7 trillion federal budget is recurrent expenditures. Why put the country in more debt when you can easily pay the deficit by cutting and stopping your corrupt ways. 1 Like |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:19pm On Jul 17, 2012 |
Demdem: Bakare had earlier warned us that the Retardeen is determined to Bankrupt Nigeria. Time will tell.Who is Bakare to be taken seriously ? |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Demdem(m): 2:19pm On Jul 17, 2012 |
The MTEF document also showed that the Federal Government would spend N1.69tn on personnel as against the N1.65tn it proposed on the same item in 2012. There has been a steady increase in the nation’s wage bill since 2005. As at 2005, the Federal Government spent N443bn on salaries. The proposed expenditure in 2013 would reflect an increase of 275 per cent from the 2005 wage bill. i dont understand why this is so despite constant assurances from this govt that they will prune down the size of the govt. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Demdem(m): 2:21pm On Jul 17, 2012 |
Billyonaire: Who is Bakare to be taken seriously ? And who are u to qoute me. he has aired his opinion so let him be. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:21pm On Jul 17, 2012 |
The ants are coming out enmasse to attack the thread without reading it fully. 2013 oh |
Re: FG To Borrow N633bn To Fund 2013 Deficit by sonyjacobs(m): 2:21pm On Jul 17, 2012 |
More borrowing=more looting,more corruption,more misappropriation,more embezzlement. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by ballabriggs: 2:26pm On Jul 17, 2012 |
Borrow more to buy 1 billion naira cassava bread. Na waoh, these people no get conscience. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by EMPERORZIMUS: 2:29pm On Jul 17, 2012 |
Oooops sorry i neva read the details but just the head topic an sincerely its a disgrace cos some bastardz use billionz for feeding allowances semid4lyfe: |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:29pm On Jul 17, 2012 |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:32pm On Jul 17, 2012 |
The Medium Term Expenditure Framework 2012 – 2014 obtained by one of our correspondents in Abuja on Monday showed that out of a proposed expenditure of N4.83tn in 2013, the Federal Government would resort to the domestic debt market to borrow N633.85bn. Any intelligent reader will understand that the writer is biased. But according to his data: Between 2012 to 2014 Proposed Expenditure N4.83tn and govt "to borrow" N633.85, "based on" 'Niger Delta' oil benchmark price of $72 per barrel. (If price of oil goes up, they no go borrow) Una for go explore your own state resources help Nigeria now, Niger Delta oil money no reach to spend on infrastructure and we wan borrow. If Groundnut and cocoa is helping, may be we suppose no borrow. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by bakila: 2:33pm On Jul 17, 2012 |
Billyonaire: The ants are coming out enmasse to attack the thread without reading it fully. 2013 ohSay the magggoot |
Re: FG To Borrow N633bn To Fund 2013 Deficit by ypzilanti: 2:33pm On Jul 17, 2012 |
Many people do not understand the level of decline we are facing as a nation. It has got to the point where anyone with the means should have a plan B just in case. These guys will not stop until the bullets and bombs start raining down. We are just one step away from being a failed state. Learned people are organizing seminars and suggesting reforms. Government is commissioning different committes to address the issues but are not implementing recommendations. Tell me, who will you listen to if you do not listen to outside advice or inside advice? The truth is that they are raping the nation virtually unchallenged. 2015 is the last chance to save Nigeria. Vote wisely. If we reach the 2015 without war or military takeover, that is. 2 Likes |
Re: FG To Borrow N633bn To Fund 2013 Deficit by bakila: 2:33pm On Jul 17, 2012 |
Billyonaire: The ants are coming out enmasse to attack the thread without reading it fully. 2013 ohSay's the magggoot |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Demdem(m): 2:34pm On Jul 17, 2012 |
Billygoat, kindly shut-up. u arent making sense at all. Stop all these unnecessary distraction. let others contribute. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:34pm On Jul 17, 2012 |
bakila:Close your smelly mouth. Correcting your stupid Eng.lish |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:36pm On Jul 17, 2012 |
Demdem:You school drop out, You have been cursed, if you graduated properly, you are supposed to understand what the writer opined, animal. Its a proposal based on benchmark price. Nematode! |
Re: FG To Borrow N633bn To Fund 2013 Deficit by ballabriggs: 2:36pm On Jul 17, 2012 |
Demdem: Hehehe, you no go understand. Oronto done threaten all of them with sack, say dem no dey do their work, hence the desperation. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by bakila: 2:36pm On Jul 17, 2012 |
Billyonaire: The ants are coming out enmasse to attack the thread without reading it fully. 2013 ohwanted to write "say's the maggot", but thought it is not Civil to do so. Why would you abuse other for their unexpressed views? |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Demdem(m): 2:39pm On Jul 17, 2012 |
Billyonaire: You school drop out, You have been cursed, if you graduated properly, you are supposed to understand what the writer opined, animal. Its a proposal based on benchmark price. Nematode! Billygoat, i know its a proposal like this one i highlighted before: The MTEF document also showed that the Federal Government would spend N1.69tn on personnel as against the N1.65tn it proposed on the same item in 2012. Does this makes sense especially from a govt that tells us recurrent expenditure will constantly go down. BillyGoat, use ur brain, if at al u av one. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by bakila: 2:44pm On Jul 17, 2012 |
Billyonaire: Close your smelly mouth. Correcting your stupid Eng.lishSee this monkey, na mouth I carry write that thing. If your mouth de smelll, must you tell other pipo? You attempt at intimidation will not deter people from asking why or how wrong the move is. So mister Boy boy, the absence of negetive comments is 'cos we are used to such things- rubbish from our Govt. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:48pm On Jul 17, 2012 |
Demdem:You have head, yet you do not understand what is meant by the write-up. The differential just is 40 million Naira (1.69-1.65) on personnel between 2012 and 2014. Ask your bias mind questions before cursing. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 2:51pm On Jul 17, 2012 |
bakila:You are a big f00l, Contest election and win before u open that trap. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Demdem(m): 3:05pm On Jul 17, 2012 |
Billyonaire: You have head, yet you do not understand what is meant by the write-up. The differential just is 40 million Naira (1.69-1.65) on personnel between 2012 and 2014. Ask your bias mind questions before cursing. Billygoat, ur spin is definately worldclass and deserves an award. Its expressly clear from the report above for all to see. Why must it even increase at all? Ode. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by Nobody: 3:07pm On Jul 17, 2012 |
English language has no meaning amongst our politicians. The fact that they used "proposed" is just to decieve naivety's. The looting has already been sealed before closed downs. Even if oil prices were to reduce tomorrow, they will still find another stupid excuse. What happened to reducing the ever wasteful recurrent expenditure. And who are these domestic bond holders ? Is it not the same thieving politicians and their corrupt cabals ? It seems until these politicians starts selling Nigerians to labour in Siberia in order to fund "budget deficit", will they know how fundamentally flawed this country is. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by ebamma(m): 3:21pm On Jul 17, 2012 |
why should the be borrowing another money,when we haven't even seen what the used the money from crude oil for. |
Re: FG To Borrow N633bn To Fund 2013 Deficit by chucky234(m): 3:53pm On Jul 17, 2012 |
Domestic debt N5.97tn? That's grave alarming FG domestic debt burden rose by N1.21tn between March 2011 and March 2012 and that's to say GEF alone contributed N1.21tn of the total domestic debt of N5.97tn, we are waiting for more facts. |
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