Ting Shen/AFP via Getty Images The federal spending deficit is likely to increase in 2025, forecasters say. Incoming president Donald Trump said he would cut taxes and spending, but Congress is ...
Deficit spending by the Federal Government rose by 28 per cent, Year-On-Year, YoY to N12.1 trillion in the first ten months of 2024, from N9.8 trillion recorded in the same period of 2023.