Federal Govt get $22 billion borrowing limit; 5.89 pct of GDP

• by Funmi Johnson
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Federal Government can now borrow up to but not more than $22 billion in the 2017 fiscal year, the Debt Management Office has said. The DMO, in its ‘Determination of Borrowing Limit for 2017’ report, stated that the Federal Government could borrow up to 5.89 per cent of the country’s Gross Domestic Product estimated at […]