Nigeria: CBN - Govt's Fiscal Deficit Rose to N620 Billion in November 2020

11 February 2021

The federal government's estimated fiscal deficit expanded to N620.49 billion in November 2020, compared with the N421.35 billion recorded in October 2020.

The Central Bank of Nigeria (CBN), in its monthly economic report for November 2020, that was posted on its website yesterday, said the high deficit was driven by the rise in personnel and overhead costs as provisional aggregate expenditure rose to N905.26 billion from N738.71 billion in the preceding period.

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