The Presidential Candidate of the All Progressives Party, APC, Bola Ahmed Tinubu, said budget deficits are not necessarily bad.
Also, he said the real issue is whether the budget deficit spending is productive.

Tinubu disclosed this while meeting with business leaders in Lagos State on Friday.
He said, “I don’t embrace the conventional wisdom that fiscal deficit by the national government is inherently flawed.

All governments, especially in this era of rare currency, run budgetary deficits; this is an inherent part of modern government. The wealthiest governments run budget deficits, as do the poorest nations.

“A budget deficit is not necessarily bad. Look at the Japanese example with high government borrowing and low inflation. The real issue is whether deficit spending is productive or not. Unproductive deficits that are backed by excessive borrowing of foreign currency”.

Tinubu’s comments come amid backlash over President Muhammadu Buhari’s signing of the 2023 budget into law with a 10.73 trillion deficit.

alsudan:
What does the idoi.t know about Budget Deficit?

No woman he the dodge debate.

Johnthejohn:
What does Tinubu know about budget

YorubaNiBaba:
The Presidential Candidate of the All Progressives Party, APC, Bola Ahmed Tinubu, said budget deficits are not necessarily bad.
Also, he said the real issue is whether the budget deficit spending is productive.
Tinubu disclosed this while meeting with business leaders in Lagos State on Friday.
He said, “I don’t embrace the conventional wisdom that fiscal deficit by the national government is inherently flawed. All governments, especially in this era of rare currency, run budgetary deficits; this is an inherent part of modern government. The wealthiest governments run budget deficits, as do the poorest nations.
“A budget deficit is not necessarily bad. Look at the Japanese example with high government borrowing and low inflation. The real issue is whether deficit spending is productive or not. Unproductive deficits that are backed by excessive borrowing of foreign currency”.
Tinubu’s comments come amid backlash over President Muhammadu Buhari’s signing of the 2023 budget into law with a 10.73 trillion deficit.

https://dailypost.ng/2023/01/13/budget-deficits-not-necessarily-bad-tinubu-reacts-to-2023-appropriation/

mynd44
nlfpmod

oyebanji44:
Good point from tinubu


As long as it is used for the intended purpose..

Like what buhari did to the south easterner by constructing the second Niger bridge ..

Is it wise ,for any one of them to criticise buhari for borrowing loan..

vhykeeytor:

Buhari did not construct the 2nd Niger bridge with any loan. The money used to construct the second Niger bridge was the repatriated fund from Abacha Loots. Infact the United State gave the condition that the money must be used for infrastructure if they are to return the loot.

oyebanji44:


Did you know if the money wasn't enough

Johnthejohn:
What does Tinubu know about budget

LegendHero:


Lol all you Obiidiots are clowns.

Johnthejohn:
What does Tinubu know about budget

YorubaNiBaba:


https://dailypost.ng/2023/01/13/budget-deficits-not-necessarily-bad-tinubu-reacts-to-2023-appropriation/