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DMO Warns FG To Refrain From Taking On Further Debt. - Politics - Nairaland

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DMO Warns FG To Refrain From Taking On Further Debt. by edosaprecious(m): 12:45pm On Jun 22, 2023
LAGOS — The Federal Government has been advised against taking on further debt by the Debt Management Office (DMO), which claims that this year's revenue would be utilized to pay debt to the tune of 73.5%.

The estimated FGN debt service to revenue ratio of 73.5% for 2023 is too high, cannot support greater levels of borrowing, and also poses a danger to the sustainability of the debt, according to the DMO.
Continue reading... https://dailyupdates.net.ng/2023/06/22/dmo-warns-fg-to-refrain-from-taking-on-further-debt/

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